Part 1 and Part 2: Palisade Creek Co. is a retail business that uses the perpetual Inventory system. The account balances for Palisade Creek as of May 1, 2046 (unless otherwise indicated), are as follows. Assume all accounts have normal balances. $83,600 233,900 624,400 28,000 16,800 11,400 569,500 56,700 96,600 110 Cash 112 Accounts Receivable 115 Inventory 116 Estimated Returns Inventory 117 Prepald Insurance 118 Store Supplies 123 Store Equipment 124 Accumulated Depreciation Store Equipment 210 Accounts Payable 211 Salaries Payable 212 Customers Refunds Payable 310 Common Stock 311 Retained Earings 312 Dividends 410 Sales 510 Cost of Goods Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense 523 Store Supplies Expense 529 Miscellaneous Selling Expenso 50,000 100,000 585,300 $135,000 5,069,000 2,823,000 664,800 281,000 12,600 Co My Work Omote Check My Work uses remaining Next > 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 Part 1: Journalize the transactions below for May, the last month of the fiscal year. If an amount box does not require an entry leave it blank, May 1: Pald rent for May $5,000. Date Description Post. Ref. Debit Credit May 1 Rent Expense 5,000 2 Cash 5,000 May 2: Sold merchandise on account to Korman Co, torms 1/15, Fon shipping point, $68,500. The cost of the goods sold was $41.000 Date Description Post. Ret. Debit Credit WY Way2 May ibchased merchandise on Bocount from Martin Co, torms 2/10, W30, FB shining point $36,000, Wow My Work uses coming Next All work eve Save and cut Submit Anment for Grading https://v2.cengagenow.comfilm/takeAssignment takeAssignmentMain.do?invokera&takeAssignmentSessionLocator=& bookmarks toolbar. Manage bookmarks. Prepare an unadjusted trial balance. If an amount box does not require an entry leave it blank. Palisade Creek Co. Unadjusted Trial Balance May 31, 2016 Debit Credit Balances Balances Cash Accounts Receivable Inventory Estimated Returns Inventory Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation Store Equipment Accounts Payable 7 Salaries Payable Customers Refunds Payable Common Stock Retained Earnings Dividends Sales Check My Work 1 more Check My Work uses remaining All work saved 80 F3 DD DUN F8 M Cha Apne NC Until 4 April Ga AL Crec C Salve il CeX Apric C sole 8 https://2.cengagenow.com/in/takeAssignment/takeAssignmentMain.do?invokera&takeAssignmentSessionLocate the bookmarks toolbar. Manage bookmarks... Accumulated Deprecation-Store Equipment Accounts Payable Salaries Payable Customers Refunds Payable Common Stock Retained Earnings Dividends 8 Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense Check My Work more Check My Work uses remaining All work saved Part 1 and Part 2: Palisade Creek Co. is a retail business that uses the perpetual Inventory system. The account balances for Palisade Creek as of May 1, 2046 (unless otherwise indicated), are as follows. Assume all accounts have normal balances. $83,600 233,900 624,400 28,000 16,800 11,400 569,500 56,700 96,600 110 Cash 112 Accounts Receivable 115 Inventory 116 Estimated Returns Inventory 117 Prepald Insurance 118 Store Supplies 123 Store Equipment 124 Accumulated Depreciation Store Equipment 210 Accounts Payable 211 Salaries Payable 212 Customers Refunds Payable 310 Common Stock 311 Retained Earings 312 Dividends 410 Sales 510 Cost of Goods Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense 523 Store Supplies Expense 529 Miscellaneous Selling Expenso 50,000 100,000 585,300 $135,000 5,069,000 2,823,000 664,800 281,000 12,600 Co My Work Omote Check My Work uses remaining Next > 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 Part 1: Journalize the transactions below for May, the last month of the fiscal year. If an amount box does not require an entry leave it blank, May 1: Pald rent for May $5,000. Date Description Post. Ref. Debit Credit May 1 Rent Expense 5,000 2 Cash 5,000 May 2: Sold merchandise on account to Korman Co, torms 1/15, Fon shipping point, $68,500. The cost of the goods sold was $41.000 Date Description Post. Ret. Debit Credit WY Way2 May ibchased merchandise on Bocount from Martin Co, torms 2/10, W30, FB shining point $36,000, Wow My Work uses coming Next All work eve Save and cut Submit Anment for Grading https://v2.cengagenow.comfilm/takeAssignment takeAssignmentMain.do?invokera&takeAssignmentSessionLocator=& bookmarks toolbar. Manage bookmarks. Prepare an unadjusted trial balance. If an amount box does not require an entry leave it blank. Palisade Creek Co. Unadjusted Trial Balance May 31, 2016 Debit Credit Balances Balances Cash Accounts Receivable Inventory Estimated Returns Inventory Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation Store Equipment Accounts Payable 7 Salaries Payable Customers Refunds Payable Common Stock Retained Earnings Dividends Sales Check My Work 1 more Check My Work uses remaining All work saved 80 F3 DD DUN F8 M Cha Apne NC Until 4 April Ga AL Crec C Salve il CeX Apric C sole 8 https://2.cengagenow.com/in/takeAssignment/takeAssignmentMain.do?invokera&takeAssignmentSessionLocate the bookmarks toolbar. Manage bookmarks... Accumulated Deprecation-Store Equipment Accounts Payable Salaries Payable Customers Refunds Payable Common Stock Retained Earnings Dividends 8 Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense Check My Work more Check My Work uses remaining All work saved