Question Content Area

Comprehensive Problem $2$

Part $3$:

NOTE: You must complete parts $1$ and $2$ before completing part $3.$

Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank.

Palisade Creek Co$.$

Unadjusted Trial Balance

May $31,20$Y$6$

Line Item Description Debit

Balances Credit

Balances

Cash fill in the blank $1$

fill in the blank $2$

Accounts Receivable fill in the blank $3$

fill in the blank $4$

Inventory fill in the blank $5$

fill in the blank $6$

Estimated Returns Inventory fill in the blank $7$

fill in the blank $8$

Prepaid Insurance fill in the blank $9$

$16,800$

fill in the blank $10$

Store Supplies fill in the blank $11$

$13,800$

fill in the blank $12$

Store Equipment fill in the blank $13$

$569,500$

fill in the blank $14$

Accumulated Depreciation$-$Store Equipment fill in the blank $15$

fill in the blank $16$

$56,700$

Accounts Payable fill in the blank $17$

fill in the blank $18$

$63,150$

Salaries Payable fill in the blank $19$

fill in the blank $20$

Customers Refunds Payable fill in the blank $21$

fill in the blank $22$

Common Stock fill in the blank $23$

fill in the blank $24$

$100,000$

Retained Earnings fill in the blank $25$

fill in the blank $26$

Dividends fill in the blank $27$

$135,000$

fill in the blank $28$

Sales fill in the blank $29$

fill in the blank $30$

Cost of Goods Sold fill in the blank $31$

fill in the blank $32$

Sales Salaries Expense fill in the blank $33$

fill in the blank $34$

Advertising Expense fill in the blank $35$

fill in the blank $36$

Depreciation Expense fill in the blank $37$

fill in the blank $38$

Store Supplies Expense fill in the blank $39$

fill in the blank $40$

Miscellaneous Selling Expense fill in the blank $41$

$12,600$

fill in the blank $42$

Office Salaries Expense fill in the blank $43$

fill in the blank $44$

Rent Expense fill in the blank $45$

$88,700$

fill in the blank $46$

Insurance Expense fill in the blank $47$

fill in the blank $48$

Miscellaneous Administrative Expense fill in the blank $49$

$7,800$

fill in the blank $50$

Total fill in the blank $51$

fill in the blank $52$