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Business, 28.11.2019 06:31 mashedpotatoes28
Note: you must complete parts 1, 2 and 3 before attempting to complete part 4 and part 6. part 5 is an optional work sheet. 4. at the end of may, the following adjustment data were assembled. analyze and use these data to complete part 6. a. merchandise inventory on may 31 $570,000 b. insurance expired during the year 12,000 c. store supplies on hand on may 31 4,000 d. depreciation for the current year 14,000 e. accrued salaries on may 31: sales salaries $7,000 office salaries 6,600 13,600 f. the adjustment for customer returns and allowances is $60,000 for sales and $35,000 for cost of merchandise sold. 6. journalize the adjusting entries. for a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". post the adjusting entries to the attached spreadsheet you used in parts 1 and 2.
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Note: you must complete parts 1, 2 and 3 before attempting to complete part 4 and part 6. part 5 is...
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