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prepare an unadjusted trial balance, then ajusting entries, an adjusted trial balance, income statement,statement of equity, balance sheet, closing entries, and a post closing trial balance. thank you!

Part: 1 and Part 21 Palitode Creek Co, is a retair business that used the perpetual inventory systen. The account balances for Palisase tifeck as of May 1, 20 be (unleis otherwise indicated), are as follows. Assume hill accounts have noomd bolanchs 529 Miscellabeous Selling Experise 12,600 530 office Salaries Expenst 382,100 531 Rent Expenso: 83,700 532. Insurance Expeose 539 Miscellancous Administratwe Expense 7,1000 Part it Journalige the transactions below for May, the last month of the fiscel year. If an mopunt box doos not neguire an entry, leave is blanki May 1: Paid rent for May, 55,000 . May 3t Purchased merchandise on accaunt from Martin Co, terms 2/10, n/30, F03 shipping point, 536,000 May 4 i Paid freight on purchase of May 3, 1600 . May 7 t Recenived $22,300 cash from Malstad Co. on account. May 10: Sold merchandise with a list price of 561,500 to customers who used visA and who redeemed 57,500 of noint-of-sale coupons The cost of the goods sold was $32,000 Date: Description Post. Ref. Debit Credit. May 10 t \$old merchandise with a list price of 161,500 to customers who used VisA and who redeemed 57,500 of point-of-sale coupons. The cost of then goods sold was 532,000 . May 13! Paid for merchandise purchosed on May 3 . May 15: Paid advertiving expense for last haif of May, 111,000 May. 17: Recoived cash from sale of May 2 . May 19: Purchosed merchandise for cothy, $16,700. May 19 : Paid 133,450 to Buttona Co. on account May 21: Sold merehandire on occeunt to Cresgent Co, terms n/com, fob shipping point, s110, 000, thit cest of the goods sold was \$70, ond May 21 if for the convenience of Crerkent Co, paid freight on sale of May 21, 12,300 . May 21: Received $42,900 cash from Gee Co. on account. May 21: Purchased merchandise on-account from Osterman Co, terms 1/10, n/30, FOB destination, 588,000 . May 24: Returned damaged merchandise purchased on May 21, receiving.a credit memo from the seller for $5,000. May 26: Refunded cosh on sales made for cosh, 57,500 . The cost of the merchandise returned was 54,800 . May 26: ferunded cash on sales made for cash, 57,500. The cost of the merchandise returned was 54,300 . May 28: Paid sales salanes of $55,000 and otfice salaries of $29,000 Mav 29: Purchased store supplies for cask, $2,400. May 31t Poid for purchose of May 21 , lese return ok May 74 May 31: Received cash from sale of May 21 plus freight. May 31t Paid for purchase of May 21, less return of May 24 Part 2: Using the ottoched spreadsheet, post the journal entries from Part 1 to the general ledger. Extend the month-end balances to the appropriate balance columins after all posting is completed. In this problem, you are not required to update or post to the occounts receivable and accounts payabie subsidiary ledgers

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