Help fill out the yellow cells Nathan JacksonP Search (Alt Q)toSave On ONM2 P. Last Modified: 2h agoPComments ShaData Review View HelpHomeInsert Draw Page Layout FormulasE AutoSum -25 Wrap TextGeneralA X cut命B CopyX Cut-11 - A AJasperactivefor OfficeCalibriSort & Find &AnalyzeDataConditional Format as CellInsert Delete FormatEEEI E Merge a Center$- % > 8Formatting Table StylesO ClearFiter Select4.BIU-H- . A-Paste3 Format PainterEditingAnalysisCCI LeamingCelsNumberStylesFontAignmentCipboardFormula BanKGDEA.2 ProjectwVU MIX Username: EShareholders' EquityAccountLiabilitiesAssetsYesDo you intend to major in one of the College of Business and Economic's majors?AmountAccountAmountAccountAmount$ 106,000 Notes Payable530 Interest Payable111.000 StockBalance Sheet at April 30: $83,536 Cash2,406 Retained Earnings5,500 Inventory132,000 EquipmentAmounts in US$Total(1,100) Accumulated Depreciation33,000 Inventory3,300 Prepaid Insurance(3,300) CashPer UnitDuring May, its second month of business, Karry no Key, Inc.:5/15/133,000 Accounts Payable33,0003,300110.00 $Purchased 300 karaoke machines on accountPaid for six months of insurance in advance; coverage that begins May 1Sold 320 karaoke machines on account:Record the saleDuring49,280 Sales Revenue154.0049,280 Accounts ReceivableMay(35.200) Cost of Goods Sold110.00(35,200) InventoryRecord the cost of the sale44,352 Cash(44,352) Accounts Receivable(19,800) Cash(1,080) Cash(550) Prepaid Insurance(1,100) Accumulated Depreciation44,352DuringCollected cash from customers from sales made on accountMay5/3119.8001,080(19,800) Accounts PayablePaid for inventory purchased on accountDeclared and paid cash dividend to its shareholdersAdjusted for insurance used during the monthAdjusted for depreciation on equipment (hint: refer to P1 for estimated life of equipment)Adiusted for wages owed that will be paid in the first week of June(1.080) Dividends(550) Insurance Expense(1,100) Depreciation Expense(1,484) Wages Expense(530) Interest Expense5/31A1A21,4845301,484 Wages Payable530 Interest PayableA3A4Adjusted for interest owed on the 6%, 3-month bank loan; interest and principal due on June 30Column Totals244,486121,744122,74224Chart of Accounts:2627Accounts PayableAccounts ReceivableAccumulated Depreciation2829Cash30Cost of Goods Sold31Depreciation Expense32DividendsInstructions Journal Statements|国四100%ReadyAccebityinvestigate12:37 AM令d2/1/2022BANG LdetetehomeendDg up965&80669backspacelockWET.AU7.homeDFKenterprt sc* shiftctri 3435 Cash from Operating Activities:n/an/an/an/a3637 Cash Paid for Inventory38 Cash Paid for Insurance39 Total Cash from Operating Activities4041 Cash from Investing Activitiesn/a4243 Cash from Financing Activities44 Cash Paid for Dividends(1,080) -Journal!E18(1,080) =SUM(B44)45 Net Cash from Financing Activities464748 Plus Beginning Cash Balance49 Ending Cash Balancen/an/an/a505152 ***When preparing your Balance Sheet, do not forget your beginning balances!53Karry no Key, Inc.545556n/an/an/an/an/an/an/a57 Accounts Receivable58 Inventory59 Prepaid Insurance6061 Equipment, Net of Accumulated Depreciation6263 Accounts Payablen/an/an/a6465 Notes PayableInstructions Journal StatementsReadyAccessibility: Investigateesc444780tabRTCAOS lockFKCΣの

Cash flow statement is the statement which is prepared by the company at the end of the financial…

34 35 Cash from Operating Activities: n/a n/a n/a n/a 36 37 Cash Paid for Inventory 38 Cash Paid for Insurance 39 Total Cash from Operating Activities 40 41 Cash from Investing Activities n/a 42 43 Cash from Financing Activities 44 Cash Paid for Dividends 45 Net Cash from Financing Activities (1,080) -JournallE18 (1,080) =SUM(B44) 46 n/a n/a n/a 47 48 Plus Beginning Cash Balance 49 Ending Cash Balance 50 51 52 ***When preparing your Balance Sheet, do not forget your beginning balances! 53 Karry no Key, Inc. 54 55 56 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 57 Accounts Receivable 58 Inventory 59 Prepaid Insurance 60 61 Equipment, Net of Accumulated Depreciation 62 63 Accounts Payable 64 65 Notes Payable InstructionE lourn