Comprehensive Problem 2 Part 10: You must complete parts 1, 2, 3, 4, 6, 7, 8 and 9 before attempting to complete part 10. Part 5 is optional. Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank. Palisade Creek Co. Post-Closing Trial Balance May 31, 2046 Debit Credit Cash 83,600 Accounts Receivable 233,900 Inventory 624,400 Estimated Returns Inventory 28,000 Prepaid Insurance 16,800 Store Supplies 11,400 Store Equipment 569,500 Accumulated Depreciation-Store Equipment 56,700 x 96,600 x Accounts Payable Salaries Payable Customers Refunds Payable 50,000 x Common Stock 100,000 Retained Earnings 585,300 1,567,600 x 1 888,600 X 110 Cash $83,600 112 Accounts Receivable 233,900 115 Inventory 624,400 116 Estimated Returns Inventory 28,000 117 Prepaid Insurance 16,800 118 Store Supplies 11,400 123 Store Equipment 569,500 124 Accumulated Depreciation-Store Equipment 56,700 210 Accounts Payable 96,600 211 Salaries Payable 212 Customers Refunds Payable 50,000 310 Common Stock 100,000 311 Retained Earnings 585,300 312 Dividends $135,000 410 Sales 5,069,000 510 Cost of Goods Sold 2,823,000 520 Sales Salaries Expense 664,800 521 Advertising Expense 281,000 522 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 7,800 539 Comprehensive Problem 2 Part 10: You must complete parts 1, 2, 3, 4, 6, 7, 8 and 9 before attempting to complete part 10. Part 5 is optional. Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank. Palisade Creek Co. Post-Closing Trial Balance May 31, 2046 Debit Credit Cash 83,600 Accounts Receivable 233,900 Inventory 624,400 Estimated Returns Inventory 28,000 Prepaid Insurance 16,800 Store Supplies 11,400 Store Equipment 569,500 Accumulated Depreciation-Store Equipment 56,700 x 96,600 x Accounts Payable Salaries Payable Customers Refunds Payable 50,000 x Common Stock 100,000 Retained Earnings 585,300 1,567,600 x 1 888,600 X 110 Cash $83,600 112 Accounts Receivable 233,900 115 Inventory 624,400 116 Estimated Returns Inventory 28,000 117 Prepaid Insurance 16,800 118 Store Supplies 11,400 123 Store Equipment 569,500 124 Accumulated Depreciation-Store Equipment 56,700 210 Accounts Payable 96,600 211 Salaries Payable 212 Customers Refunds Payable 50,000 310 Common Stock 100,000 311 Retained Earnings 585,300 312 Dividends $135,000 410 Sales 5,069,000 510 Cost of Goods Sold 2,823,000 520 Sales Salaries Expense 664,800 521 Advertising Expense 281,000 522 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 7,800 539