Help fill out the statement sheet, yellow cells Nathan JacksonP Search (Alt+Q)AutoSave OnM2 P Last Modified 2h agoFileHomeInsertDrawPage Lavout FormulasData ReviewView HelpE AutosumGeneralX cut-A AWrap TextEFillCalibiSortConditional Format as CelIFormatting Table StylesInsert Delete FormatPaste CopyFormat PainterB$- %O ClearFilterIUB -O AEMerge & CenterStylesCellsEditingAlignmentNumberUndoCipboardFontA33FGHD1 M2 Project (continued)2 DO NOT INSERT/DELETE ANY CELLS, ROWS OR COLUMNS IN THIS WORKBOOK: DOING SO WILL RESULT IN A SCORE OF O.3Karry no Key, Inc.4n/an/a6 Sales Revenue9 Wages Expense10 Depreciation Expense11 Insurance Expensen/an/a12In/an/an/a13 Inerest Exрепse14151617Karry no Key, Inc.181920 Beginning Stock21 Stock Issued/an/a-SUM(820:821)22 Ending Stock2324 Beginning Retained Earningsn/aIn/a2526 Dividends27 Ending Retained Earningsn/an/a2829 Total Shareholders' EquityVa303132Karry no Key, Inc.33Instructions Journal StatementsReady Accessbity Investigate144%2324delet&4.5.6.78backsERITY] Nathan JacksonP Search (Alt Q)toSave On ONM2 P. Last Modified: 2h agoPComments ShaData Review View HelpHomeInsert Draw Page Layout FormulasE AutoSum -25 Wrap TextGeneralA X cut命B CopyX Cut-11 - A AJasperactivefor OfficeCalibriSort & Find &AnalyzeDataConditional Format as CellInsert Delete FormatEEEI E Merge a Center$- % > 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

Karry no Key, Inc. n/a n/a /a n/a n/a 6 Sales Revenue 9 Wages Expense 10 Depreciation Expense 11 Insurance Expense n/a n/a n/a 12 13 Interest Expense 14 15 16 17 Karry no Key, Inc. 18 19 20 Beginning Stock 21 Stock Issued 22 Ending Stock n/a n/a |-SUM[B20.821) 23 n/a /a n/a n/a 24 Beginning Retained Earnings 25 26 Dividends 27 Ending Retained Earnings 28 29 Total Shareholders' Equity 30 31 32 Karry no Key, Inc. 33 Instructions Journal Statements

Karry no Key, Inc. n/a n/a /a n/a n/a 6 Sales Revenue 9 Wages Expense 10 Depreciation Expense 11 Insurance Expense n/a n/a n/a 12 13 Interest Expense 14 15 16 17 Karry no Key, Inc. 18 19 20 Beginning Stock 21 Stock Issued 22 Ending Stock n/a n/a |-SUM[B20.821) 23 n/a /a n/a n/a 24 Beginning Retained Earnings 25 26 Dividends 27 Ending Retained Earnings 28 29 Total Shareholders' Equity 30 31 32 Karry no Key, Inc. 33 Instructions Journal Statements

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A FinRatioExercise Intro.xls - Compatibility Mode AutoSave or ome Page Layout Formulas Data Review View O Tell me Insert Draw E Insert v Arial v 10 • A A 29 Wrap Text v General 5 Delete v E E= E E $ v % 9 Conditional Format Formatting as Table Styles Cell BIUV 出。 Paste E Merge & Center v A Format v 07 fx A B D E F G H J K M Comp Sales Rev COGS $137 $159 $133 GrossProfit GPMarg $67 $78 $68 ROE Debt/Eg ICurrentAssiCurrentLiablCurrRatio shares EPS $78 Net Profit TotLiab Equity $145 $164 $168 $138 $176 2 $95 $20 $25 65 3 B 4 C 5 D 6 $237 $189 $211 $179 $114 $118 $88 $126 60 $18 $23 $12 $77 $69 $74 $62 60 $128 $113 $51 $62 60 $140 60 7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Sheett Sheet2 Sheet3 Ready MacBook Pro esc BI U ily く ※ %23 2$ & 2 4. 7 8. W E Y. U A H. K C V T SI
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AutoSave O Off PB Financials.xlsx - Excel Sign in File Home Insert Page Layout Formulas Data Review View O Tell me what you want to do A Share P Comments 2 AutoSum - Calibri - 11 - A A" 22 Wrap Text General Fill - $ - % 9 00 Conditional Format as Cell Formatting Table BIU - H - - A - EEE E E E Merge & Center - Sort & Find & Paste Insert Delete Format Styles O Clear Filter Select Clipboard Font Alignment Number Styles Cells Editing C17 fe A В G H K M N P R V X Y 廟 Precision Building 1 2 Workshop Cost Per Person 3 Workshop Cost for each Number of ID Туре participant participants Total cost Kitchen $ $ 01-KT 25 41 1,025 6 Bathroom 02-BT 03-BD 20 33 660 7 Bedroom $ 20 19 380 Laundry Room Living Room/Great Room Game Room 8 04-LD 10 15 150 05-LR 25 25 625 10 06-GR 15 13 195 11 07-CL Closet Intervention $ 10 28 $ 280 12 08-WL IWall Décor Lighting 15 14 210 13 TOTAL COSTS $ 3,315 14 Cost includes facility rental, food, beverages, workbook, promotional materials, staff 15 time, samples, etc. 16…
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toSave orr A FinRatioExercise Intro.xls - Compatibility Mode ne Insert Draw Page Layout Formulas Data Review View O Tell me Arial v 10 v A A" ab Wrap Text v General Insert v ste BIUV A v A w E E E Merge & Center v $ v % 9 22 Delete v Conditional Format Formatting as Table Styles Cell X v fx 国Format v A B E F G H Comp Sales Rev COGS J K M N GrossProfit GPMarg $67 $78 Net Profit $137 $159 $133 $128 $113 TotLiab $20 $25 Equity $145 $164 $168 $138 ROE Debt/Eg CurrentAss CurrentLiab CurrRatio shares EPS $78 $77 $69 $74 B $237 $95 $114 65 C D $189 $68 $51 $62 60 $18 $23 $211 $179 $118 $88 60 E $12 $176 $62 60 $140 $126 60 Italic 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 Sheet1 Sheet3 Ready 画回四 MacBook Pro %23 21 4. 6 8. Q W T Y. U A S G H. J. K SV B F.
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AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly Picture Format P Comments A Share Home Insert Draw Layout P Find - - A A Aa v A = - E - E G Times New Roman v 12 Normal No Spacing Heading 1 Replace = = 1E v Editor Open Grammarly Paste BIU I U v - 2. A - ab x, x' A . A Select v Undo Clipboard a Font Paragraph Styles Editing Editor Grammarly a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets increase $80,000 and liabilities increase $46,000. What is the equity at year-end? Assets Liabilities Equity Beginning $ 200,000 = 150,000 Change 80,000 = 46,000 + Ending Page 1 of 1 O words Text Predictions: On * Accessibility: Good to go O Focus 110% 9:58 PM P Type here to search 49°F 3/20/2022 近

File Home Insert Page Layout Formulas Data Review View Help A Share P Comments E Insert v Calibri - A A ΞΞ ab Wrap Text v 11 General 5* Delete v LE Paste $ - % 9 Analyze Sensitivity BIU V A = E E E E E Merge & Center - Conditional Format as Cell Sort & Find & .00 Formatting v Table Styles v H Format v Filter v Select v Data Clipboard Font Alignment Number Styles Cells Editing Analysis Sensitivity L24 fe A B D E F G H K M 21 22 23 OUTPUT 24 25 26 Balance Sheet 27 Assets 2018 Change Source Operating Investing Financing Additional Input Data for 2019: 2019 Use 20.00% $ 4,900 $ 2,500 28 Cash 12,000 $ 10,000 Effective Tax rate %3D 29 Accounts Receivable 30 Inventory 31 Net Property, Plant & Equipment 32 Total Assets 3,000 $ 4,200 Stock dividends paid %3D 2,000 $ 1,500 Depreciation Expense %3D 10,700 $ 12,000 %3D 27,700 $ 27,700 33 34 Liabilities & Stockholders' Equity 35 Accounts Payable 36 Accrued Expenses 37 Long-term Note Payable 2,000 $ 2,700 500 $ 600 %3D 3,500 $ 7,500 %3D 38 Total…
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AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…