Comprehensive Problem 2 Part 3:

NOTE: You must complete parts 1 and 2 before completing part 3.

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, 20Y7
	Debit Balances	Credit Balances
Cash	fill in the blank 1	fill in the blank 2
Accounts Receivable	fill in the blank 3	fill in the blank 4
Merchandise Inventory	fill in the blank 5	fill in the blank 6
Prepaid Insurance	fill in the blank 7	fill in the blank 8
Store Supplies	fill in the blank 9	fill in the blank 10
Store Equipment	fill in the blank 11	fill in the blank 12
Accumulated DepreciationStore Equipment	fill in the blank 13	fill in the blank 14
Accounts Payable	fill in the blank 15	fill in the blank 16
Customer Refunds Payable	fill in the blank 17	fill in the blank 18
Salaries Payable	fill in the blank 19	fill in the blank 20
Lynn Tolley, Capital	fill in the blank 21	fill in the blank 22
Lynn Tolley, Drawing	fill in the blank 23	fill in the blank 24
Sales	fill in the blank 25	fill in the blank 26
Cost of Merchandise Sold	fill in the blank 27	fill in the blank 28
Sales Salaries Expense	fill in the blank 29	fill in the blank 30
Advertising Expense	fill in the blank 31	fill in the blank 32
Depreciation Expense	fill in the blank 33	fill in the blank 34
Store Supplies Expense	fill in the blank 35	fill in the blank 36
Miscellaneous Selling Expense	fill in the blank 37	fill in the blank 38
Office Salaries Expense	fill in the blank 39	fill in the blank 40
Rent Expense	fill in the blank 41	fill in the blank 42
Insurance Expense	fill in the blank 43	fill in the blank 44
Miscellaneous Administrative Expense	fill in the blank 45	fill in the blank 46
	fill in the blank 47	fill in the blank 48

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 $83,600 112 Accounts Receivable 233,900 115 Merchandise Inventory 652,400 117 Prepaid Insurance 16,800 118 11,400 123 569,500 Store Supplies Store Equipment Accumulated Depreciation-Store Equipment Accounts Payable 124 56,700 210 96,600 211 Customer Refunds Payable 50,000 212 Salaries Payable 310 Lynn Tolley, Capital, June 1, 2046 685,300 311 Lynn Tolley, Drawing 135,000 410 Sales 5,069,000 510 Cost of Merchandise Sold 2,823,000 510 Cost of Merchandise Sold 2,823,000 520 Sales Salaries Expense 664,800 281,000 521 Advertising Expense 522 Depreciation Expense 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