Ch. 6 Comprehensive Problem 2, Part 2 Palisade Creek Co. is a merchandising business that uses the enotu men noten or ng May the last month of the hso. year. twas ton, were oompleted ln Pa" , e, p obler-the ocoou Required . ifyou completed the end -of period work sheet in Part 1, use the adjunted trial balance Sgures to prepare an income stafement a shatement of prepare an income stalement, a sfalement of owner's equity, and a balanoe sheet A Prepare the closing enfries lecond the elosing entries on Page 23 of the joumal efer to the Chat of Accounts for exsact woing of account B. Post the olosing entries to the ledger of tour-oolumn accounts Akd the appopiate posting reference to the joumal 10 Prepare a post-closing trial balance. Accounts with zero baianoes can be left blank For guidance in completing the financial stafements, be sure to read the insructions above each atafement caehally Ch. 6 Comprehensive Problem 2, Part 2 Palisade Creek Co. is a merchandising business that uses the enotu men noten or ng May the last month of the hso. year. twas ton, were oompleted ln Pa" , e, p obler-the ocoou Required . ifyou completed the end -of period work sheet in Part 1, use the adjunted trial balance Sgures to prepare an income stafement a shatement of prepare an income stalement, a sfalement of owner's equity, and a balanoe sheet A Prepare the closing enfries lecond the elosing entries on Page 23 of the joumal efer to the Chat of Accounts for exsact woing of account B. Post the olosing entries to the ledger of tour-oolumn accounts Akd the appopiate posting reference to the joumal 10 Prepare a post-closing trial balance. Accounts with zero baianoes can be left blank For guidance in completing the financial stafements, be sure to read the insructions above each atafement caehally