ulator Com Top Ways Walmart Comprehensive Problem 2 Walmart Plans D Thu 756 PM Q http://www.hart Part 1 and Part 2: O JCPenny Coroan Paytar Palisade Creek Co. is a retall business that uses the perpetual inventory system. The account balances for Palisade Creek as of May 1, 2045 (unless otherwise indicated), are as follows. Assume all accounts have normal balances 110 Cash $83,600 312 Dividends 112 Accounts Receivable $135,000 233,900 410 Sales 115 Inventory 5,069,000 624,400 510 Cost of Goods Sold 116 Estimated Returns Inventory 2,823,000 28,000 520 Sales Salaries Expense 117 Prepaid Insurance 16,800 521 Advertising Expense 281,000 Store Supplies 11,400 522 Depreciation Expense 123 Store Equipment 569,500 523 Store Supplies Expense 124 Accumulated Depreciation-Store Equipment 56,700 529 Miscellaneous Selling Expense 210 Accounts Payable 96,600 530 Office Salaries Expense 211 Salaries Payable - 531 Rent Expense 50,000 532 212 Customers Refunds Payable Insurance Expense 100,000 539 Miscellaneous Administrative Expense 7.800 118 Store 664,800 12,600 382,100 83,700 310 Common Stock 311 Retained Earnings 585,300 539 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: Paid rent for May, $5,000. Date Description Post. Ref. Debit Credit May 1 Check My Work ulator Com Top Ways Walmart Comprehensive Problem 2 Walmart Plans D Thu 756 PM Q http://www.hart Part 1 and Part 2: O JCPenny Coroan Paytar Palisade Creek Co. is a retall business that uses the perpetual inventory system. The account balances for Palisade Creek as of May 1, 2045 (unless otherwise indicated), are as follows. Assume all accounts have normal balances 110 Cash $83,600 312 Dividends 112 Accounts Receivable $135,000 233,900 410 Sales 115 Inventory 5,069,000 624,400 510 Cost of Goods Sold 116 Estimated Returns Inventory 2,823,000 28,000 520 Sales Salaries Expense 117 Prepaid Insurance 16,800 521 Advertising Expense 281,000 Store Supplies 11,400 522 Depreciation Expense 123 Store Equipment 569,500 523 Store Supplies Expense 124 Accumulated Depreciation-Store Equipment 56,700 529 Miscellaneous Selling Expense 210 Accounts Payable 96,600 530 Office Salaries Expense 211 Salaries Payable - 531 Rent Expense 50,000 532 212 Customers Refunds Payable Insurance Expense 100,000 539 Miscellaneous Administrative Expense 7.800 118 Store 664,800 12,600 382,100 83,700 310 Common Stock 311 Retained Earnings 585,300 539 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: Paid rent for May, $5,000. Date Description Post. Ref. Debit Credit May 1 Check My Work