Question

Palisade Creek Co. is a merchandising business. The account balances for Palisade Creek Co. as of May 1, 2014 (unless otherwise indicated), are as follows:

Answer 1

Explanation:

The account balances for Palisade Creek Co. as of May 1, 2014 (unless otherwise indicated), are as follows: 110 Cash 83,600 233,900 112 Accounts Receivable 602,400 115 Merchandise inventory 16,800 116 Prepaid Insurance 117 Store Supplies 11 400 123 Store Equipment 569,500 124 Accumulated Depreciation-Store.