Amounts in US S During Apnil, its fint month of business, Kamy no Key, Inc.: Per Unit Total Issued stock to its ownen, Louden Clear and Nustin Tune, in exchange for cash Issued a 3-month, 6% promissory note to the bank due on June 30 Purchased 200 karaoke machines it plans to sell paying cash Purchased a display stand on Apni 1 with a 10-year uselul life paying cash Sold 150 karaoke machines for cash: 1. 116,000 111.000 3. 23,000 138,000 4. Record the sale S 161.00 12 Recond the cost of the sale Paid its employee cash for services perfomed in Apnil 7Declared and paid a cash dividend to its shareholden A1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value A2 Adjusted for interest owed on loan with 6% Interest and principal due on une 30 13 1,554 1,130 14 15 1,150 16 555 17 Celume Teels
Amounts in US S During Apnil, its fint month of business, Kamy no Key, Inc.: Per Unit Total Issued stock to its ownen, Louden Clear and Nustin Tune, in exchange for cash Issued a 3-month, 6% promissory note to the bank due on June 30 Purchased 200 karaoke machines it plans to sell paying cash Purchased a display stand on Apni 1 with a 10-year uselul life paying cash Sold 150 karaoke machines for cash: 1. 116,000 111.000 3. 23,000 138,000 4. Record the sale S 161.00 12 Recond the cost of the sale Paid its employee cash for services perfomed in Apnil 7Declared and paid a cash dividend to its shareholden A1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value A2 Adjusted for interest owed on loan with 6% Interest and principal due on une 30 13 1,554 1,130 14 15 1,150 16 555 17 Celume Teels
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
could you help me figure out what numbers go where ?
![E Pomat
D22
x v fx
D
G
H
Assets
Shareholden' Equity
Amounts in USS
Cash
Other Assets
Liabilites
Stock
Retained Eamings
S During Apnil, its finst month of business, Kamy no Key, Inc.
6 1 lissued stock to its ownens, Louden Clear and Justin Tune, in exchange for cash
7 2 lisued a 3-month, 6% promissory note to the bank due on June 30
83 Purchased 200 karaoke machines it plans to sell paying cash
94 Purchased a display stand on April 1 with a 10 vear usetul life paving cash
Per Unit
Total
Amount
Account Title
Dlagnaste Chek
Amount
Account Title
Amaunt
Account Title
116,000
111,000
Thue
Tue
Tue
23,000
138,000
10
Sold 150 karaoke machines for cash:
11
Record the sale
$ 161.00
Record the cost of the sale
Paid its employee cash for services perfomed in Apri
14 7 Declared and paid a cash dividend to its shareholders
12
13
Due
1,554
Due
1,130
15 A1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value
16 A2 Adiusted for interest owed on loan with 6X Interest and principal due on June 30
1,150
Thue
555
17
Celumn Totels
18
19
Chart of Accounts:
20
Accumulated Depreciation
Cash
21
22
Cost of Goods Sold
23
Depreciation Expense
24
Dividends
25
Equipment
26
Inventory
27
Interest Expernse
Interest Paahle
Notes Payable
28
29
30
Sales Revenue
31
Stock
32
Wagm Expense
33
34
35
36
37
39
40
41
45
A Journal
Statements
Instructions
Ready
Help Available 7Onice
Hours
07 UPnn1 LIAL
M1 h3 due jan 25
M1 QUIZ DUE JAN 25
All due by 6 pm.
Career Development
Information for Students in
Business
Misc. Student/Campus
Besources
MacBook Air
DO
F11
F10
F9](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f3e67cc-49af-44ba-8c62-fdfbffc0ff2c%2F25e3b23b-a56b-415a-895d-76e38c563f54%2Frm0pb9q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:E Pomat
D22
x v fx
D
G
H
Assets
Shareholden' Equity
Amounts in USS
Cash
Other Assets
Liabilites
Stock
Retained Eamings
S During Apnil, its finst month of business, Kamy no Key, Inc.
6 1 lissued stock to its ownens, Louden Clear and Justin Tune, in exchange for cash
7 2 lisued a 3-month, 6% promissory note to the bank due on June 30
83 Purchased 200 karaoke machines it plans to sell paying cash
94 Purchased a display stand on April 1 with a 10 vear usetul life paving cash
Per Unit
Total
Amount
Account Title
Dlagnaste Chek
Amount
Account Title
Amaunt
Account Title
116,000
111,000
Thue
Tue
Tue
23,000
138,000
10
Sold 150 karaoke machines for cash:
11
Record the sale
$ 161.00
Record the cost of the sale
Paid its employee cash for services perfomed in Apri
14 7 Declared and paid a cash dividend to its shareholders
12
13
Due
1,554
Due
1,130
15 A1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value
16 A2 Adiusted for interest owed on loan with 6X Interest and principal due on June 30
1,150
Thue
555
17
Celumn Totels
18
19
Chart of Accounts:
20
Accumulated Depreciation
Cash
21
22
Cost of Goods Sold
23
Depreciation Expense
24
Dividends
25
Equipment
26
Inventory
27
Interest Expernse
Interest Paahle
Notes Payable
28
29
30
Sales Revenue
31
Stock
32
Wagm Expense
33
34
35
36
37
39
40
41
45
A Journal
Statements
Instructions
Ready
Help Available 7Onice
Hours
07 UPnn1 LIAL
M1 h3 due jan 25
M1 QUIZ DUE JAN 25
All due by 6 pm.
Career Development
Information for Students in
Business
Misc. Student/Campus
Besources
MacBook Air
DO
F11
F10
F9
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