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comprehensive problem 1 part 9

 Comprehensive Problem 2

 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, 20Y6 (unless otherwise indicated), are as follows. Assume all accounts have normal balances.

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 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 May 1 Rent Expense Post. Ref. Credit Debit 5,000 Cash 5,000 May 3: PurchasMay 7: Received $22,300 cash from Halstad Co. on account. Date Description Post. Ref. Debit Credit May 7 Cash 22,300 Accounts

May 16: Received cash from sale of May 6. Date Description Post. Ref. May 16 Debit Credit May 19: Purchased merchandise for cMay 20: Sold merchandise on account to Crescent Co., terms 1/10, n/30, FOB shipping point, $110,000. The cost of the goods soMay 24: Returned damaged merchandise purchased on May 21, receiving a credit memo from the seller for $5,000. Date DescriptioMay 29: Purchased store supplies for cash, $2,400. Date Description Post. Ref. Debit Credit May 29 May 30: Sold merchandise oPart 3 - Complete

Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blar Palisade Creek Co. Unadjusted

Part 4 & 6 - Complete

a. Inventory on May 31 b. Insurance expired during the year C. Store supplies on hand on May 31 d. Depreciation for the currePart 5 - Need help with the ones I got incorrect

Part 5: Optional work sheet Enter the unadjusted trial balance on a 10-column end-of-period spreadsheet (work sheet), and com84,500 ✓ o o Cash Accounts Receivable ✓ 245,875 583,950 o 13,950 84,500 245,875 570,000 0 0 84,500 245,875 570,000 InventoryPart 7 - Complete

Part 7: You must complete parts 1, 2, 3, 4 and 6 before completing part 7. Part 5 is the optional work sheet. Prepare an adju

Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank. Palisade Creek Co. Adjusted Tr

Part 8 - Need help with the ones that are incorrect and incomplete.

Part 8: You must complete parts 1, 2, 3, 4, 6 and 7 before attempting to complete part 8. Note: part 5 is optional. 1. Prepar

2. Prepare a statement of stockholders equity. Assume that additional common stock of $10,000 was issued in January 2016. Pa

3. Prepare a balance sheet. Palisade Creek Co. Balance Sheet May 31, 2016 Assets Current assets: Cash ✓ 5$ Accounts receivabl

Part 9 - Need help with this entire part

Part 9: You must complete parts 1, 2, 3, 4, 6, 7 and 8 before attempting to complete part 9. Part 5 is optional. Journalize t



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can you please show the part 10 work as well?

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