WHOLE chart with the empty yellow cells
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Can you fill out the WHOLE chart with the empty yellow cells
 alt="Nathan Jackson
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-11 -A A
25 Wrap Test
Accounting
Calibri
O Fill
Conditional Format as Cell
Formatting Table Styles
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Fiter Select
Analyze
Data
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for Office
Insert Delete Format
BIU-B - A-
EEEE Merge & Center
$- % >
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Cels
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Analysis
CCI Leaming
Font
Algment
Number
Styles
do
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H
K
E
Projects are your own work. It is academic dishonesty to work with others on this project.
G
A
B
M1 Project
ABSOLUTELY DO NOT INSERT/DELETE ANY CELLS, ROWS OR COLUMNS IN THIS WORKBOOK: DOING SO WILL RESULT INA SCORE OF O.
Shareholders' Equity
Enter WVU eCampus Username
Assets
Liabilities
Stock
Retained Earnings
Amounts in US$
Other Assets
Cash
Account Title
Amount
Account Title
Amount
Account Title
During April, its first month of business, Karry no Key, Inc.:
Per Unit
Total
Amount
1 Issued stock to its owners, Louden Clear and Justin Tune, in exchange for cash
111,000
2 Issued a 3-month, 6% promissory note to the bank due on June 30
3 Purchased 200 karaoke machines it plans to sell paying cash
4 Purchased a display stand on April 1 with a 10-year useful life paying cash
5 Sold 150 karaoke machines for cash:
Record the sale
106,000
22,000
132,000
154.00
12
Record the cost of the sale
13 6 Paid its employee cash for services performed in April
14 7 Declared and paid a cash dividend to its shareholders
15 A1 Adjunsted 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
1,484
1,080
1,100
530
17
Column Totals
18
19
20
Chart of Accounts:
Accumulated Depreciation
21
22
Cash
Cost of Goods Sold
23
24
25
Depreciation Expense
Dividends
Equipment
26
Inventory
27
Interest Expense
28
Interest Payable
Notes Payable
Sales Revenue
29
30
31
Stock
32
Wages Expense
Instructions Journal Statements
田 ■ 四
Ready
100%
1020 AMO
V20/2022
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delete
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end
Dg up
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4
5
6
7.
8
9
Tum
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1
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alt
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Transcribed Image Text:Nathan Jackson
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Home Insert
E Autosum
X cut
Ia Copy -
-11 -A A
25 Wrap Test
Accounting
Calibri
O Fill
Conditional Format as Cell
Formatting Table Styles
Sort & Find &
Fiter Select
Analyze
Data
Jasperactive
for Office
Insert Delete Format
BIU-B - A-
EEEE Merge & Center
$- % >
Paste
O Clear
S Format Painter
Cels
Edting
Analysis
CCI Leaming
Font
Algment
Number
Styles
do
Cipboard
H
K
E
Projects are your own work. It is academic dishonesty to work with others on this project.
G
A
B
M1 Project
ABSOLUTELY DO NOT INSERT/DELETE ANY CELLS, ROWS OR COLUMNS IN THIS WORKBOOK: DOING SO WILL RESULT INA SCORE OF O.
Shareholders' Equity
Enter WVU eCampus Username
Assets
Liabilities
Stock
Retained Earnings
Amounts in US$
Other Assets
Cash
Account Title
Amount
Account Title
Amount
Account Title
During April, its first month of business, Karry no Key, Inc.:
Per Unit
Total
Amount
1 Issued stock to its owners, Louden Clear and Justin Tune, in exchange for cash
111,000
2 Issued a 3-month, 6% promissory note to the bank due on June 30
3 Purchased 200 karaoke machines it plans to sell paying cash
4 Purchased a display stand on April 1 with a 10-year useful life paying cash
5 Sold 150 karaoke machines for cash:
Record the sale
106,000
22,000
132,000
154.00
12
Record the cost of the sale
13 6 Paid its employee cash for services performed in April
14 7 Declared and paid a cash dividend to its shareholders
15 A1 Adjunsted 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
1,484
1,080
1,100
530
17
Column Totals
18
19
20
Chart of Accounts:
Accumulated Depreciation
21
22
Cash
Cost of Goods Sold
23
24
25
Depreciation Expense
Dividends
Equipment
26
Inventory
27
Interest Expense
28
Interest Payable
Notes Payable
Sales Revenue
29
30
31
Stock
32
Wages Expense
Instructions Journal Statements
田 ■ 四
Ready
100%
1020 AMO
V20/2022
BANG LO UFSEN
delete
home
end
Dg up
og de
%24
4
5
6
7.
8
9
Tum
backspace
lock
R
U
home
D
F
G
K
enter
prt sc
MI
t shift
1
end
alt
ctri
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