Palisade Creek Co. is a retail business that uses the perpetuai inventory system. The account balances for Palisade Creek as of May 1 , 20Y6 (unless otherwise indicated), are as follows. Assume all accounts have normal balances. Part 1: Joumalize the transactions below for May, the last month of the fiscal year. If an amount box does not require an entry, leave it blank Palisade Creek Co. is a retail business that uses the perpetuai inventory system. The account balances for Palisade Creek as of May 1 , 20Y6 (unless otherwise indicated), are as follows. Assume all accounts have normal balances. Part 1: Joumalize the transactions below for May, the last month of the fiscal year. If an amount box does not require an entry, leave it blank