Part 5: Optional work sheet Enter the unadjusted trial balance on a 10-column end-of-period spreadsheet (work sheet), and complete the spreadsheet using the following adjustment data. a. Inventory on May 31 b. Insurance expired during the year c. Store supplies on hand on May 31 d. Depreciation for the current year e. Accrued salaries on May 31: Sales salaries Office salaries Account Title 13,600 f. The adjustment for customer returns and allowances is $60,000 for sales and $35,000 for cost of goods sold. If an amount box does not require an entry, leave it blank. Cash Accounts Receivable Inventory Estimated Returns Inventory Prepaid Insurance Store Supplies Store Equipment Accum. Depr.-Store Equip. Accounts Payable Salaries Payable Customers Refunds Unadjusted Unadjusted Trial Trial Balance Balance Debit Credit 86,970 247,450 583,950 15,200 16,800 $7,000 6,600 13,800 569,500 ✓ 56,700 ✓ 63,150 ✓ 0 $570,000 12,000 4,000 14,000 29,270 Palisade Creek Co. End-of-Period Spreadsheet (Work Sheet) For the Year Ended May 31, 20Y6 Adjustments Adjustments Debit Credit Adjusted Adjusted Trial Trial Balance Balance Debit Credit 9,800 86,970 247,450 13,950 570,000 4,800 ✓ 4,000 569,500 Income Income Balance Balance Statement Statement Sheet Sheet Debit Credit Debit Credit

T-Accounts (All Formulas/Equations) Would you please provide me with the formula/equation used to find the missing amount in a T-Account.  Please look at the example below and provide me the answers in that same type of format so that it is easy to understand.  Beginning Balance is missing Transaction on debit side is missing Transaction on credit side is missing FINDING BEGINNING BALANCE EXAMPLEBeginning balance = Ending balance + right side of T-Account - Left side of T-AccountBeginning balance = $9,800 + ($4,500 +$2,200 +$3,500) - ($2,500 +$4,000 +$3,400)Beginning balance = $9,800 + $10,200 - $9,900Begining balance = $10,100

Wildhorse Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2025. Wildhorse had the following transactions related to notes payable Sept. 1 Sept. 30 Oct. 1 Oct. 31 Nov. 1 Nov. 30 Dec. 1 Dec. 31 Issued a $13,200 note to Pippen to purchase inventory. The 3-month note payable bears interest of 9% and is due December 1. (Wildhorse uses a perpetual inventory system) Recorded accrued interest for the Pippen note. Issued a $22,800, 9%, 4-month note to Prime Bank to finance the purchase of a new climbing wall for advanced climbers. The note is due February 1. Recorded accrued interest for the Pippen note and the Prime Bank note. Issued a $24,000 note and paid $7,600 cash to purchase a vehicle to transport clients to nearby climbing sites as part of a new series of climbing classes. This note bears interest of 6% and matures in 12 months. Recorded accrued interest for the Pippen note, the Prime Bank note, and…

Please help with the following question    COMPLETION STATEMENTS ​1.​Notes and accounts receivable that result from sales transactions are often called______________ receivables.   ​2.​Two accounting problems associated with accounts receivable are (1) ______________ and (2) ______________ accounts receivable.   ​3.​The net amount expected to be collected in cash from receivables is the _____________.   ​4.​When credit sales are made, _________________ Expense is considered a normal and necessary risk of doing business on a credit basis.   ​5.​The two methods used in accounting for uncollectible accounts are the ____________ method and the ______________ method.   ​6.​Allowance for Doubtful Accounts is a_____________ account which is ______________ from Accounts Receivable on the balance sheet.   ​7.​When the allowance method is used to account for uncollectible accounts, ____________ is debited when an account is determined to be uncollectible.   ​8.​The _________________ basis of…