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Need adjusted trial balance. Thank You! Palisade Creek Co. is a retail business that uses the perpetual inventory system. The account balances for Palisade Creek
Need adjusted trial balance. Thank You!
Palisade Creek Co. is a retail business that uses the perpetual inventory system. The account balances for Palisade Creek as of May 1 , 20 Y 6 (unless otherwise indicated), are as follows. Assume all accounts have normal balances. Comprehensive Problem 2 Part 4 and 6: Note: You must complete parts 1,2 and 3 before attempting to complete part 4 and part 6 . Part 5 is an optional work sheet. 1. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part 6. The adjustment for customer returns and allowances is $60,000 for sales and $35,000 for cost of goods sold. Journalize the adjusting entries. If an amount box does not require an entry, leave it blank. Post the adjusting entries to the attached spreadsheet rou used in parts 1 and 2. Part 7: You must complete parts 1,2,3,4 and 6 before completing part 7. Part 5 is the optional work sheet. Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank. Palisade Creek Co. is a retail business that uses the perpetual inventory system. The account balances for Palisade Creek as of May 1 , 20 Y 6 (unless otherwise indicated), are as follows. Assume all accounts have normal balances. Comprehensive Problem 2 Part 4 and 6: Note: You must complete parts 1,2 and 3 before attempting to complete part 4 and part 6 . Part 5 is an optional work sheet. 1. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part 6. The adjustment for customer returns and allowances is $60,000 for sales and $35,000 for cost of goods sold. Journalize the adjusting entries. If an amount box does not require an entry, leave it blank. Post the adjusting entries to the attached spreadsheet rou used in parts 1 and 2. Part 7: You must complete parts 1,2,3,4 and 6 before completing part 7. Part 5 is the optional work sheet. Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blankStep by Step Solution
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