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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 work sheet 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 The adjustment for customer returns and allowance 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 Date Post. Ref. Debit Description Adjusting Entries Credit 2016 May 31 May 31 Cack My Work more Check My Works remaining Previous Next All work saved Save and it Submit Assignment for Grading SU . od DI DO 9 : F 50 512 E $