Atosave OnOS M P.Saved File Home Insert Draw Page Layout Formulas Data Review View Help Autom X Cut Calbri -11 - A A Wap Tet General D Copy fomat Painter Conditional Format as Fomatting Table Styles Sot Find & fe Select Analye Data Jasperactive for Office Cel Iert Delete format BIU-B A ergeCenter Pate O Clear Number Styles Cals Editing Analy CO Leaming Citod Fant Aligmet Unda 122 V f Interest Experse M2 Project wVU MIX Username:o Yes Assets Liabilities Shareholders' Equity De you intend to major in one of the College of Business and Economic's majors? Amount $ 106,000 Notes Payable 530 interest Payable Account Account Amount Account Amount 83.536 Cash 5.500 Inventory 132.000 Equipment (1.100) Accumulated Depreciation 33,000 inventory 3,300 Prepaid Insurance (3300) Cash S 111.000 Stock 2,406 Retained Earnings Balance Sheet at April 30: S Amounts in US S Total 8 During May, its second month of business, Karry no Key, Inc Per Unit 110.00 $ 33.000 Accounts Payable 5/1 5/1 Purchased 300 karaoke machines on account 33,000 10 Paid for six months of insurance in advance coverage that begins May 1 3,300 12 Sold 320 karaoke machines on account During May 49.280 Sales Revenue (35.200) Cost of Goods Sold Record the sale 49,280 Accounts Receivable 13 154.00 14 Record the cost of the sale 110.00 (35,200) nventory 15 During Collected cash from customers from sales made on account 44,352 44,352 Cash (44.352) Accounts Receivable (19.800) Cash (LO80) Cash (550) Prepaid insurance (1.100) Accumulated Depreciation 16 May S/31 5/31 37 Paid for imventory purchased on account Declared and paid cash dividend to its shareholders Adjusted for insurance used during the month Adjusted for depreciation on equipment (hint refer to P1 for estimated life of equipment) Adjusted for wages owed that wili be paid in the first week of June Adjusted for interest owed on the 6%, 3-month bank loan interest and principal due on June 30 (19800) Accounts Payable 19.800 1,080 18 (1.080) Dividends (550) insurance Expense (1.100) Depreciation Expense (1,484) Wages Expense (530nterest Expense 122.742 19 Al 20 A2 21 22 23 24 1,484 530 1484 Wages Payable 530 interest Payable 121,744 A4 Column Totals 244.486 Chart of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation Cash Cost of Goods Sold Depreciation Expense Dividends E instructions Journal Statements 26 27 26 32 Acoytio 316 PM 2/2/2022 国。圍。