Chapter Review 6-9i Comprehensive Problem 2Palisade Creek Co. is a merchandising business that uses the perpetualinventory system. The account balances for Palisade Creek Co. as of May 1,20Y7 (unless otherwise indicated), are as follows:110 Cash $ 83,600112 Accounts Receivable 233,900115 Merchandise Inventory 652,400117 Prepaid Insurance 16,800118 Store Supplies 11,400123 Store Equipment 569,500124 Accumulated Depreciation—Store Equipment […]