Comprehensive Problem 2 Part 4 and 6:

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

4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part 6.

a. 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 goods sold.

6. Journalize the adjusting entries. If an amount box does not require an entry, leave it blank. Post the adjusting entries to the attached spreadsheet you used in parts 1 and 2.

I need help with question A

Cash Accounts Receivable Inventory Estimated Returns Inventory 84,500 245,875 583,950 15,200 16,800 13,800 569,500 Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation-Store Equipment 56,700 Accounts Payable 63,150 Salaries Payable Customers Refunds Payable 29,270 Common Stock 100,000 Retained Earnings 585,300 Dividends 135,000 Sales 5,376,205 Cost of Goods Sold 3,013,000 Sales Salaries Expense 720,800 V Advertising Expense 292,000 Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Office Salaries Expense 12,600 411,100 88,700 l Rent Expense Insurance Expense Miscellaneous Administrative Expense 7,800 6,210,625 6,210,625