L 3 7 B 9 10 11 12 13 MI Project 2 TAMPE 3 4 5 30 31 32 33 34 35 36 During April, its first month of business, Karry no Key, Inc.: 1 Issued stock to its owners, Louden Clear and Justin 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 April 1 with a 10-year useful life paying cash Sold 150 karaoke machines for cash: Enter WVU eCampus Username n00024 Record the sale Record the cost of the sale Paid its employee cash for services performed in April Chart of Accounts: Accumulated Depreciation Cash Cost of Goods Sold Depreciation Expense Dividends Equipment Inventory Interest Expense Interest Payable Notes Payable Sales Revenue Stock Wages Expense $ 6 7 Declared and paid a cash dividend to its shareholders 15 A1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value 16 A2 Adjusted for interest owed on loan with 6% interest and principal due on June 30 17 18 19 20 21 22 23 24 25 26 27 28 29 Amounts in US $ Total Per Unit 136.00 S 98,000 48,000 19,400 116,400 672 725 970 240 Column Totals Projects are your own work. It i ABSOLUTELY DO NOT INSERT/D Assets Cash Amount Other
L 3 7 B 9 10 11 12 13 MI Project 2 TAMPE 3 4 5 30 31 32 33 34 35 36 During April, its first month of business, Karry no Key, Inc.: 1 Issued stock to its owners, Louden Clear and Justin 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 April 1 with a 10-year useful life paying cash Sold 150 karaoke machines for cash: Enter WVU eCampus Username n00024 Record the sale Record the cost of the sale Paid its employee cash for services performed in April Chart of Accounts: Accumulated Depreciation Cash Cost of Goods Sold Depreciation Expense Dividends Equipment Inventory Interest Expense Interest Payable Notes Payable Sales Revenue Stock Wages Expense $ 6 7 Declared and paid a cash dividend to its shareholders 15 A1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value 16 A2 Adjusted for interest owed on loan with 6% interest and principal due on June 30 17 18 19 20 21 22 23 24 25 26 27 28 29 Amounts in US $ Total Per Unit 136.00 S 98,000 48,000 19,400 116,400 672 725 970 240 Column Totals Projects are your own work. It i ABSOLUTELY DO NOT INSERT/D Assets Cash Amount Other
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
I need help with the whole chart
![e & Center
D
s in US $
S
Total
98,000
48,000
19,400
116,400
672
725
970
240
Column Totals
General
$ -% 9
Number
Cash
Q Search
Amount
L
Conditional Format a
Formatting
Table
P
Assets
Other Assets
0
E
F
Projects are your own work. It is academic dishonesty to work with others on this project.
ABSOLUTELY DO NOT INSERT/DELETE ANY CELLS, ROWS OR COLUMNS IN THIS WORKBOOK; DOING SO WILL RESULT IN A SCORE OF 0.
Shareholders' Equity
Account Title
Styles
=
Amount
1
9
Liabilities
________
Account Title
Insert
E
Delete Format
Stock
Σ AutoSum
Retained Earnings
Amount
Editing
AY 0
Sort & Find &
* Select
Account Title
Sales Revenue
Cost of Goods Sold
Display Settings](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02277d24-8cee-43db-9df9-fff367dab790%2Ffef2eaf2-00f1-44e4-a396-cf818d8628d2%2F2oevcm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:e & Center
D
s in US $
S
Total
98,000
48,000
19,400
116,400
672
725
970
240
Column Totals
General
$ -% 9
Number
Cash
Q Search
Amount
L
Conditional Format a
Formatting
Table
P
Assets
Other Assets
0
E
F
Projects are your own work. It is academic dishonesty to work with others on this project.
ABSOLUTELY DO NOT INSERT/DELETE ANY CELLS, ROWS OR COLUMNS IN THIS WORKBOOK; DOING SO WILL RESULT IN A SCORE OF 0.
Shareholders' Equity
Account Title
Styles
=
Amount
1
9
Liabilities
________
Account Title
Insert
E
Delete Format
Stock
Σ AutoSum
Retained Earnings
Amount
Editing
AY 0
Sort & Find &
* Select
Account Title
Sales Revenue
Cost of Goods Sold
Display Settings
![G21
2
3
Undo
7
8
12
13
M1 Project
15
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
1
33
34
35
36
2
5 During April, its first month of business, Karry no Key, Inc.:
6
3
--------
5
7
A1
A2
Ready
Copy
Format Painter
Clipboard
X ✓ £x
Chart of Accounts:
Accumulated Depreciation
Scroll Lock
40°F
Sunny
Cash
Cost of Goods Sold
Depreciation Expense
Dividends
Equipment
Inventory
Interest Expense
Interest Payable
Notes Payable
Sales Revenue
Stock
Wages Expense
BIU.
Instructions
B
Font
Journal
Accessibility: Investigate
1
Issued stock to its owners, Louden Clear and Justin 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 April 1 with a 10-year useful life paying cash
Sold 150 karaoke machines for cash:
Record the sale
Record the cost of the sale
Paid its employee cash for services performed in April
Declared and paid a cash dividend to its shareholders
Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value
Adjusted for interest owed on loan with 6% interest and principal due on June 30
[2
Statements
= 3 3 3
Enter WVU eCampus Username an00024
S
Alignment|
22 Wrap lexxt
Per Unit
Amounts in US $
Total
Merge & Center
136.00
S
98,000
48,000
19,400
116,400
672
725
970
240
Column Totals
E
Projects are your own work. It is
ABSOLUTELY DO NOT INSERT/DEI
Assets
Cash
%69 58
Search
Amount
Other As](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02277d24-8cee-43db-9df9-fff367dab790%2Ffef2eaf2-00f1-44e4-a396-cf818d8628d2%2Fwpte0wn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:G21
2
3
Undo
7
8
12
13
M1 Project
15
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
1
33
34
35
36
2
5 During April, its first month of business, Karry no Key, Inc.:
6
3
--------
5
7
A1
A2
Ready
Copy
Format Painter
Clipboard
X ✓ £x
Chart of Accounts:
Accumulated Depreciation
Scroll Lock
40°F
Sunny
Cash
Cost of Goods Sold
Depreciation Expense
Dividends
Equipment
Inventory
Interest Expense
Interest Payable
Notes Payable
Sales Revenue
Stock
Wages Expense
BIU.
Instructions
B
Font
Journal
Accessibility: Investigate
1
Issued stock to its owners, Louden Clear and Justin 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 April 1 with a 10-year useful life paying cash
Sold 150 karaoke machines for cash:
Record the sale
Record the cost of the sale
Paid its employee cash for services performed in April
Declared and paid a cash dividend to its shareholders
Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value
Adjusted for interest owed on loan with 6% interest and principal due on June 30
[2
Statements
= 3 3 3
Enter WVU eCampus Username an00024
S
Alignment|
22 Wrap lexxt
Per Unit
Amounts in US $
Total
Merge & Center
136.00
S
98,000
48,000
19,400
116,400
672
725
970
240
Column Totals
E
Projects are your own work. It is
ABSOLUTELY DO NOT INSERT/DEI
Assets
Cash
%69 58
Search
Amount
Other As
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