This is the answer for 4, can someone please help me do 6-9

Continuing Problem 8. Net income: 777LS Palisade Creek Co. is a merchandising business that uses the perpetual inventory system The account balances for Palisade Creek Co. as of May 1, 2016 (unless otherwise indicated), are as follows: 10 Cash 112 Accounts Receivable 115 Merchandise Inventory 116 Estimated Returns Inventory 117 Prepaid Insurance 118 Store Supplies 123 Store Equipment 124 Accumulated Depreciation-Store Equipment 210 Accounts Payable 211 Salaries Payable 212 Customers Refunds Payable 310 Lynn Tolley, Capital, June 1, 2015 311 Lynn Tolley, Drawing 312 Income Summary 410 Sales S 83,600 233,900 624.400 28,000 16,800 11,400 569,500 56,700 96,600 50,000 685,300 135,000 5,069,000 2,823,000 664,800 Cost of Merchandise Solkd 510 520 521 522 523 529 530 531 532 539 Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense 281,000 12,600 332,100 83,700 7,800 During May, the last month of the fiscal year, the following transactions were completed: May 1. Paid rent for May, $5,000. 3. Purchased merchandise on account from Martin Co., $36,000. Pa purchase of May 3, s600 6. Sold merchandise on account to Korman Co., , $68,500. The cost of the merchandise sold was $41,000. 7. Received $22,300 cash from Halstad Co. on account. 10. Sold merchandise for cash, $54,000. The cost of the merchandise sold was $32,000. 13. Paid for merchandise purchased on May 3. 15. Paid advertising expense for last half of May, $11,000. 16. Received cash from sale of May 6. 19. Purchased merchandise for cash, $18,700. 19. Paid $33,450 to Buttons Co. on account. 20. Sold merchandise on account to Crescent Co., $110,000. The cost of the merchandise sold was $70,000 21. For the convenience of Crescent Co., paid freighton sale of May 20, $2,300 21. Received $42,900 cash from Gee Co. on account. (Continue apter 6 Accounting for Merchandising Businesses May 21. Purchased merchandise on account from Osterman Co. , $88,000. 28. Paid sales salaries of $56,000 and office salaries of $29,000. 29. Purchased store supplies for cash, $2,400. 30. Sold merchandise on account to Tuner Co., $78,750. The cost of the merchandise sold was $47,000. 3u. Keceived cash from sale of May 20 plus freight paid on May 21. 31. Paid for purchase of May 21, Instructions Enter the balances of each of the accounts in the appropriate balance column of a four-column account. Write Balance in the item section, and place a check mark ( in the Posting Reference column Journalize the transactions for July, starting on Page 20 of the journal. z Post the journal to the general ledger, extending the month end balances to the appropri- ate balance columns after all posting is completed. In this problem, you are not required to update or post to the accounts receivabie and accounts payable subsidiary ledgers. Prepare an unadjusted trial balance. i. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete (5) and (6) ADSSTg 67Ri2r a. Merchandise inventory on May 31 b. Insurance expired during the year c. Store supplies on hand on May 31 d. Depreciation for the current year e. Acrued salaries on May 31 $570,000 12.000 4,000 14,000 Sales salaries Office salaries 7,000 6,60013,600 (Optional) Enter the unadjusted trial balance on a 10-column end-of-period spread- sheet (work sheet), and complete the spreadsheet. 6. Jounalize and post the adjusting entries. Record the adjusting entries on Page 22 of the journal. 7. Prepare an adjusted trial balance. 8. Prepare an income statement, a statement of owner's equity, and a balance sheet. Prepare and post the closing entries. Record the closing entries on Page 23 of the journal. Indicate closed accounts by inserting a line in both the Balance columns opposite the closing entry. Insert the new balance in the owner's capital account. H Prepare a post-closing trial balance. Adjusting entries as shown below: Date Account Title Debit $ Credit $ a Cost of Merchandise Invento 11,950 Merchandise Invento $561,950-$550.000 11.950 b Insurance Ex 12.000 aid Insurance 12,000 Stores Supply 9.800 se Stores ($11,400+$2,400-$4.000 9.800 eciation 14.000 Accumulated Depreciation 14.000 e Sales Salaries Expense Office Salaries 7,000 6,600 se Salaries Payable 13.600