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ng April, its first month of business, Karry no Key, Inc.: 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 $ Amounts in US $ Total Per Unit 136.00 $ 98,000 48,000 19,400 116,400 672 725 970 240 Column Totals 1 243

ng April, its first month of business, Karry no Key, Inc.: 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 $ Amounts in US $ Total Per Unit 136.00 $ 98,000 48,000 19,400 116,400 672 725 970 240 Column Totals 1 243

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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I need all of the yellow boxes filled out and help with the whole chart. 

1 Project Format Painter 1 Clipboard X xv fx Chart of Accounts: Accumulated Depreciation Ol Cash Cost of Goods Sold Depreciation Expense Dividends Equipment Inventory Interest Expense Interest Payable Notes Payable Sales Revenue Stock Wages Expense B Font $ 51 4 |||| 三天 ng April, its first month of business, Karry no Key, Inc.: 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 Alignment C Enter WVU eCampus Username an00024 Amounts in US $ Total Per Unit Merge & Center 136.00 S Pra 672 725 970 240 Column Totals ABS 98,000 48,000 19,400 (19 116,400 243,
Transcribed Image Text:1 Project Format Painter 1 Clipboard X xv fx Chart of Accounts: Accumulated Depreciation Ol Cash Cost of Goods Sold Depreciation Expense Dividends Equipment Inventory Interest Expense Interest Payable Notes Payable Sales Revenue Stock Wages Expense B Font $ 51 4 |||| 三天 ng April, its first month of business, Karry no Key, Inc.: 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 Alignment C Enter WVU eCampus Username an00024 Amounts in US $ Total Per Unit Merge & Center 136.00 S Pra 672 725 970 240 Column Totals ABS 98,000 48,000 19,400 (19 116,400 243,
Merge & Center mounts in US $ nit Total €6.00 Ś O Search General 672 725 970 240 Column Totals $ -% 9 Cash Number 98,000 98,000 48,000 48,000 19,400 (19,400) 116,400 116,400 9 000 243,000 Conditional Format as Table Formatting - Amount Assets T Other Assets Account Title Amount E E F H 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 Liabilities Insert Account Title Delete Format Stock K WO Σ AutoSum Amount Fill- Clear ~ L Retained Earnings Editing Account Title AT Filter Sales Revenue Cost of Goods Sold
Transcribed Image Text:Merge & Center mounts in US $ nit Total €6.00 Ś O Search General 672 725 970 240 Column Totals $ -% 9 Cash Number 98,000 98,000 48,000 48,000 19,400 (19,400) 116,400 116,400 9 000 243,000 Conditional Format as Table Formatting - Amount Assets T Other Assets Account Title Amount E E F H 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 Liabilities Insert Account Title Delete Format Stock K WO Σ AutoSum Amount Fill- Clear ~ L Retained Earnings Editing Account Title AT Filter Sales Revenue Cost of Goods Sold
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