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Palisade Creek Co . is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co . as of May

Palisade Creek Co. is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co. as of May 1,20Y7(unless otherwise indicated), are as follows:
110 Cash $83,600
112 Accounts Receivable 233,900
115 Merchandise Inventory 652,400
117 Prepaid Insurance 16,800
118 Store Supplies 11,400
123 Store Equipment 569,500
124 Accumulated DepreciationStore Equipment 56,700
210 Accounts Payable 96,600
211 Customer Refunds Payable 50,000
212 Salaries Payable
310 Lynn Tolley, Capital, June 1,20Y6685,300
311 Lynn Tolley, Drawing 135,000
410 Sales 5,069,000
510 Cost of Merchandise Sold 2,823,000
520 Sales Salaries Expense 664,800
521 Advertising Expense 281,000
522 Depreciation Expense
523 Store Supplies Expense
529 Miscellaneous Selling Expense 12,600
530 Office Salaries Expense 382,100
531 Rent Expense 83,700
532 Insurance Expense
539 Miscellaneous Administrative Expense 7,800
May 1: Paid rent for May, $5,000.
May 3: Purchased merchandise on account from Martin Co., terms 2/10, n/30, FOB shipping point, $36,000.
May 4: Paid freight on purchase of May 3, $600.
May 6: Sold merchandise on account to Korman Co., terms 2/10, n/30, FOB shipping point, $68,500. The cost of the merchandise sold was $41,000
May 7: Received $22,300 cash from Halstad Co. on account.
May 10: Sold merchandise for cash, $54,000. The cost of the merchandise sold was $32,000.
May 13: Paid for merchandise purchased on May 3.
May 15: Paid advertising expense for last half of May, $11,000.
May 16: Received cash from sale of May 6.
May 19: Purchased merchandise for cash, $18,700.
May 19: Paid $33,450 to Buttons Co. on account.
May 20: Paid Korman Co. a cash refund of $5,000 for damaged merchandise from sale of May 6. Korman Co. kept the merchandise.
May 20: Sold merchandise on account to Crescent Co., terms 1/10, n/30, FOB shipping point, $110,000. The cost of the merchandise sold was $70,000.
May 21: For the convenience of Crescent Co., paid freight on sale of May 20, $2,300.
May 21: Received $42,900 cash from Gee Co. on account.
May 21: Purchased merchandise on account from Osterman Co., terms 1/10, n/30, FOB destination, $88,000.
May 24: Returned damaged merchandise purchased on May 21, receiving a credit memo from the seller for $5,000.
May 26: Refunded cash on sales made for cash, $800. The defective merchandise was not returned by the customer.
May 28: Paid sales salaries of $56,000 and office salaries of $29,000.
May 29: Purchased store supplies for cash, $2,400.
May 30: Sold merchandise on account to Turner Co., terms 2/10, n/30, FOB shipping point, $78,750. The cost of the merchandise sold was $47,000.
May 30: Received cash from sale of May 20 plus freight paid on May 21.Prepare an income statement.Prepare a statement of owner's equity.
Income-Statement
For the Year Fnded May 31,20Y7
Prepare a balance sheet.
May 31: Paid for purchase of May 21, less return of May 24.
At the end of May, the following adjustment data were assembled.
a. Merchandise inventory on May 31 $585,200
b. Insurance expired during the year 12,000
c. Store supplies on hand on May 314,000
d. Depreciation for the current year 14,000
e. Accrued salaries on May 31:
Sales salaries $7,000
Office salaries 6,60013,600
f. The adjustment for customer refunds and allowances is $60,000.
Please help with the attached images... THANK YOU IN ADVANCE!! (I was only allowed to submit one photo, my apologies)
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