Please just answer not correct answers in unadjusted trial balance

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.

May 31: Paid for purchase of May 21, less return of May 24.

comprehensive Problem Part 1 and Part 2 Palisade Creek Co. is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co. as of May 1, 2017 (unless otherwise indicated), are as follows: 110 Cash $3,500 112 Accounts Receivable 233,900 115 Merchandise Inventory 652,400 117 Prepaid Insurance 16,800 118 Store Supplies 11,400 569,500 123 Store Equipment 124 Accumulated Depreciation-Store Equipment 210 Accounts Payable 56,700 96,500 211 Customer Refunds Payable 50,000 212 Salaries Payable 685,300 310 Lynn Tolley, Capital, June 1, 2045 311 Lynn Tolley, Drawing 135,DOC 410 Sales 5,069,000 510 Cost of Merchandise Sold 2,823,000 52D Sales Salaries Expense 664,600 281,00 521 Advertising Expense 522 Depreciation Expense 523 Store Supplies Expense 529 Miscellaneous Selling Expense 12,500 530 Office Salaries Expense 382,100 531 Rent Expense 83,700 532 Insurance Expense 539 Miscellaneous Administrative Expanse 7,500 Part 1: Using the attached spreadsheet, journalize the transactions for May, the last month of the fiscal year, below. Part 2: Post the journal to the general ledger you created in Part 1, extending the month-end balances to the appropriate balance calumns after all posting is completed. In this prablem, you are not required to update or post to the accounts receivable and accounts payable subsidiary ledgers. If an amount bax does not require an entry, leave it blank. e Calculator If an amount box does not require an entry, leave it blank. May 1: Paid rent for May, $5,000. Description Post. Ref. Debit Credit Rent Expense 5,000 Cash 5,000 May 3: Purchased merchandise on account from Martin Co., terms 2/10, n/30, FOB shipping point, $36,000 Description Post. Ref. Debit Credit Merchandise Inventory 35,281 Accounts Payable-Martin Co. V 35,281 May 4: Paid freight on purchase of May 3, $600. Description Post. Ref. Debit Credit Merchandise Inventory 600 Cash 600 May 6: Sold merchandise on account to Korman Co., terms 2/10, n/30, FOB shipping point, $68,500. The Post. Description Debit Credit Ref. Accounts Receivable-Korman Co. 67,131 Sales 67,131 Cost of Merchandise Sold 41,001 Merchandise Inventory 41,00 May 7: Received $22,300 cash from Halstad Co. on account. Description Post. Ref. Debit Credit Cash 22,30 V Accounts Receivable-Halstad Co. 22,30 May 10: Sold merchandise for cash, $54,000. The cost of the merchandise sold was $32,000. Description Post. Ref. Debit Credit Cash 54,00 Sales 54,00 Cost of Merchandise Sold 32,001 Merchandise Inventory 32,00 V May 13: Paid for merchandise purchased on May 3. Description Post. Ref. Debit Credit Accounts Payable-Martin Co. 35,281 Cash 35,281 Calculator May 15: Paid advertising expense for last half of May, $11,000. Post. Description Debit Credit Ref. Advertising Expense v 11,00 Cash 11,00 May 16: Received cash from sale of May 6. Post. Description Ref. Cash Debit Credit 67,131 Accounts Receivable-Korman Co. 67,13 May 19: Purchased merchandise for cash, $18,700. Post. Description . Debit Credit Ref. Merchandise Inventory 18,70 Cash 18,701 Credit May 19: Paid $33,450 to Buttons Co. on account. Post. Description Debit Ref. Accounts Payable-Buttons Co. 33,45 Cash 33,45 May 20: Paid Korman Co. a cash refund of $5,000 for damaged merchandise from sale of May 6. Korman Co. kept the merchandise. Post. Description Debit Credit Ref. Customer Refund Payable w 5,000 Cash 5,000 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. Post. Description Debit Credit Ref. Accounts Receivable-Crescent Co. 108,91 Sales 108,9 Cost of Merchandise Sold 70,00 Merchandise Inventory 70,00 May 21: For the convenience of Crescent Co., paid freight on sale of May 20, $2,300. , . Description Post. Ref. Debit Credit Accounts Receivable-Crescent Co. V 2,300 Cash 2,300 May 21: Received $42,900 cash from Gee Co. on account. Post. Description Debit Credit Ref. Cash 42,901 Accounts Receivable-Gee Co. 42,901 May 21: Purchased merchandise on account from Osterman Co., terms 1/10, n/30, FOB destination, $88,000. Post. Description Debit Credit Ref. . Merchandise Inventory 87,121 Accounts Payable-Osterman Co. 87,12 May 24: Returned damaged merchandise purchased on May 21, receiving a credit memo from the seller for $5,000. Description Post. Debit Ref. Credit Accounts Payable-Osterman Co. 4,950 Merchandise Inventory 4,950 May 26: Refunded cash on sales made for cash, $800. The defective merchandise was not returned by the customer. Description Post. Debit . Credit Customer Refund Payable 800 Cash 800 May 28: Paid sales salaries of $56,000 and office salaries of $29,000. Post. Description Ref. Debit Credit Sales Salaries Expense 56,001 Office Salaries Expense 29,00 Cash 85,00 May 29: Purchased store supplies for cash, $2,400. Post. Description Debit Credit Ref. Store Supplies 2,400 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. Post. Description Debit Credit Ref. Accounts Receivable-Turner Co. V 77,17 Sales 77,17 Cost of Merchandise Sold 47,001 Merchandise Inventory 47,001