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M2 Project wVU MIX Username: De you intend to major in one of the College of Business and Economic's majors Assets Liabilities Shareholders' Equity Yes Account Amount Amount $ 106.000 Notes Payable 530 nterest Payable Account Amount Account $ 111.000 Stock 2,406 Retained Earnings 83.536 Cash 5.500 inventory 132.000 Equipment (1100) Accumulated Depreciation 33,000 nventory 3.300 Prepaid Insurance (3300) Cash Balance Sheet at April 30 S Amounts in USS Total During May, its second month of busines, Karry no Key, Inc 5/1 Per Unit 11000 S Purchased 300karaoke machines on account 33.000 33.000 Accounts Payable 30 11 5/1 Paid for six months of insurance in advance, coverage that begins May 1 3.300 12 During May Sold 320 karaoke machines on account Record the sale Record the cost of the sale 13 15400 49.280 Accounts Receivable 49.280 Sales Revenue 34 110.00 (35.200 Cost of Goods Sold (35.200 ventory 44352 Cash (44352) Accounts Recelvable 19800 Cash (1O8 Cah (550) Prepaid insurance (L100) Accumulated Depreciation 15 16 During Collected cash from customers from sales made on account 44352 May (19800) Accounts Payable Paid for inventory purchased on account Declared and paid cash dividend to its shareholders Adjusted for insurance used during the month Adjusted for depreciation on equigment hunt refer to P for estimated Me of equpment) 19800 1080 (1O80 Dividends (550) insurance Expense (1100) Depreciation Espense 1484 Wages fapense (S30terest Expense 122.742 S/31 Al 20 A2 21 A3 Adsted for wages owed that will be paid in the first week of June Adjusted for interest owed on the 63-month bank loan interest and principal due on June 30 1484 Wages Payable S30 interest Payable 121744 144 22 A4 530 Column Totah 244,486 Chart of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation Cah Cost of Goods Sold Depreciation Experse Dividends Instructions Journal Statements A ty dge 3 PM 2/2/2022

M2 Project wVU MIX Username: De you intend to major in one of the College of Business and Economic's majors Assets Liabilities Shareholders' Equity Yes Account Amount Amount $ 106.000 Notes Payable 530 nterest Payable Account Amount Account $ 111.000 Stock 2,406 Retained Earnings 83.536 Cash 5.500 inventory 132.000 Equipment (1100) Accumulated Depreciation 33,000 nventory 3.300 Prepaid Insurance (3300) Cash Balance Sheet at April 30 S Amounts in USS Total During May, its second month of busines, Karry no Key, Inc 5/1 Per Unit 11000 S Purchased 300karaoke machines on account 33.000 33.000 Accounts Payable 30 11 5/1 Paid for six months of insurance in advance, coverage that begins May 1 3.300 12 During May Sold 320 karaoke machines on account Record the sale Record the cost of the sale 13 15400 49.280 Accounts Receivable 49.280 Sales Revenue 34 110.00 (35.200 Cost of Goods Sold (35.200 ventory 44352 Cash (44352) Accounts Recelvable 19800 Cash (1O8 Cah (550) Prepaid insurance (L100) Accumulated Depreciation 15 16 During Collected cash from customers from sales made on account 44352 May (19800) Accounts Payable Paid for inventory purchased on account Declared and paid cash dividend to its shareholders Adjusted for insurance used during the month Adjusted for depreciation on equigment hunt refer to P for estimated Me of equpment) 19800 1080 (1O80 Dividends (550) insurance Expense (1100) Depreciation Espense 1484 Wages fapense (S30terest Expense 122.742 S/31 Al 20 A2 21 A3 Adsted for wages owed that will be paid in the first week of June Adjusted for interest owed on the 63-month bank loan interest and principal due on June 30 1484 Wages Payable S30 interest Payable 121744 144 22 A4 530 Column Totah 244,486 Chart of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation Cah Cost of Goods Sold Depreciation Experse Dividends Instructions Journal Statements A ty dge 3 PM 2/2/2022

FINANCIAL ACCOUNTING
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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Please fill out remanding yellow cells that have nothing in them, not the ones that have numbers in already, thank you
P Search (At O Nathan Jackson O Autosave O M2 P.Saved OComments A Share Home Insert Draw Page Layout Formulas Data Review View Help File E Autosum- X Cut D Copy -11-A A Wrap Test General Calibri Analye Jasperactive for Office Sort& Find & Conditional Format as Cell Insert Delete Format BIU -O A E=D E Merge a Center $- % > 4 O Clear Fiter Select Parte Formatting Table Styles Data fomat Painter Number Styles Cels Editng Analysis CO Leaming Clutoed Font Aigment Unda 122 Xv Interest Expense F G H D 1 M2 Project WVU MIX Username: com Assets Liabilities Shareholders' Equity Do you intend to major in one of the College of Business and Economic's majors? Yes Account Amount Account Amount Account Amount 83.536 Cash 5.500 Inventory 132,000 Equipment (1.100) Accumulated Depreciation 33,000 inventory $ 111.000 Stock 2,406 Retained Earnings Balance Sheet at April 30 S 106.000 Notes Payable 530 Interest Pavable Amounts in US $ During May, its second month of business, Karry no Key, Inc 5/1 5/1 Total 33,000 3,300 Per Unit 33,000 Accounts Payable Purchased 300 karaoke machines on account Paid for six months of insurance in advance; coverage that begins May 1 $ 110 00 S 3,300 Prepaid Insurance (3,300) Cash 10 12 During Sold 320 karaoke machines on account 13 Record the sale 154.00 49,280 Accounts Receivable 49.280 Sales Revenue May (35,200) Cost of Goods Sold (35,200) Inventory 44,352 Cash (44.352) Accounts Receivable (19800) Cash (1.080) Cash (550) Prepaid Insurance (1,100) Accumulated Depreciation 14 Record the cost of the sale 110.00 15 During Collected cash from customers from sales made on account 44.352 16 May 17 (19.800) Accounts Payable Paid for inventory purchased on account Declared and paid cash dividend to its shareholders Adjusted for insurance used during the month Adjusted for depreciation on equigment (hirt refer to P1 for estimated life of equiement) Adjusted for wages owed that will be paid in the first week of lune Adusted for interest owed on the 6%, 3-month bank loan; interest and principal due on June 30 19.800 5/31 5/31 (1,080) Dividends (550) Insurance Expense (1,100) Depreciation Expense (1,484) Wages Expense (530interest Expense 122.742 18 1,080 19 9 A1 20 A2 1484 Wages Payable 530 Interest Payable 21 A3 1,484 22 A4 530 23 Column Tetals 244,486 121.744 24 25 26 27 Chart of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation 26 29 Cash Cost of Goods Sold Depreciation Expense Dividends 30 31 32 Instructions Journal Statements Neady mby tig |田 国可 100% • d D 16 PM 2/2/2022 BANG LOUFS delete Tome end 96 backspAce ock Q E U 7. home A D F G K enter prt sc C B N M t shift 1. end alt ctri
Transcribed Image Text:P Search (At O Nathan Jackson O Autosave O M2 P.Saved OComments A Share Home Insert Draw Page Layout Formulas Data Review View Help File E Autosum- X Cut D Copy -11-A A Wrap Test General Calibri Analye Jasperactive for Office Sort& Find & Conditional Format as Cell Insert Delete Format BIU -O A E=D E Merge a Center $- % > 4 O Clear Fiter Select Parte Formatting Table Styles Data fomat Painter Number Styles Cels Editng Analysis CO Leaming Clutoed Font Aigment Unda 122 Xv Interest Expense F G H D 1 M2 Project WVU MIX Username: com Assets Liabilities Shareholders' Equity Do you intend to major in one of the College of Business and Economic's majors? Yes Account Amount Account Amount Account Amount 83.536 Cash 5.500 Inventory 132,000 Equipment (1.100) Accumulated Depreciation 33,000 inventory $ 111.000 Stock 2,406 Retained Earnings Balance Sheet at April 30 S 106.000 Notes Payable 530 Interest Pavable Amounts in US $ During May, its second month of business, Karry no Key, Inc 5/1 5/1 Total 33,000 3,300 Per Unit 33,000 Accounts Payable Purchased 300 karaoke machines on account Paid for six months of insurance in advance; coverage that begins May 1 $ 110 00 S 3,300 Prepaid Insurance (3,300) Cash 10 12 During Sold 320 karaoke machines on account 13 Record the sale 154.00 49,280 Accounts Receivable 49.280 Sales Revenue May (35,200) Cost of Goods Sold (35,200) Inventory 44,352 Cash (44.352) Accounts Receivable (19800) Cash (1.080) Cash (550) Prepaid Insurance (1,100) Accumulated Depreciation 14 Record the cost of the sale 110.00 15 During Collected cash from customers from sales made on account 44.352 16 May 17 (19.800) Accounts Payable Paid for inventory purchased on account Declared and paid cash dividend to its shareholders Adjusted for insurance used during the month Adjusted for depreciation on equigment (hirt refer to P1 for estimated life of equiement) Adjusted for wages owed that will be paid in the first week of lune Adusted for interest owed on the 6%, 3-month bank loan; interest and principal due on June 30 19.800 5/31 5/31 (1,080) Dividends (550) Insurance Expense (1,100) Depreciation Expense (1,484) Wages Expense (530interest Expense 122.742 18 1,080 19 9 A1 20 A2 1484 Wages Payable 530 Interest Payable 21 A3 1,484 22 A4 530 23 Column Tetals 244,486 121.744 24 25 26 27 Chart of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation 26 29 Cash Cost of Goods Sold Depreciation Expense Dividends 30 31 32 Instructions Journal Statements Neady mby tig |田 国可 100% • d D 16 PM 2/2/2022 BANG LOUFS delete Tome end 96 backspAce ock Q E U 7. home A D F G K enter prt sc C B N M t shift 1. end alt ctri
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