Can you help me fill out the chart 66 Retained Earnings67 Total Liabilities and Shareholders' Equitye/un/a6869 AssetsShareholders' Equity4LiabilitiesAmounts in US $CashOther AssetsRetained EarningsStock5 During April, its first month of business, Karry no Key, Inc.Per UnitTotalAccount TitleAmountAccount TitleAmountAmountAccount TitleIssued stock to its owners, Louden Clear and Justin Tune, in exchange for cashIssued a 3-month, 6% promissory note to the bank due on June 303 Purchased 200 karaoke machines it plans to sell paying cash4 Purchaseda display stand on April 1 with a 10-year useful life paying cash5 Sold 150 karaoke machines for cash:Record the saleRecord the cost of the sale6 Paid its employee cash for services performed in April7 Declared and paid a cash dividend to its shareholdersA1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage valueA2 Adjusted for interest owed on loan with 6% interest and principal due on June 306.111,0007106,00083.22,0009132,0001011154.0012131,484147.1.080151,1001653017Column Totals1819Chart of Accounts:2021Accumulated DepreciationCash22Cost of Goods Sold23Depreciation Expense242526DividendsEquipmentInventoryInterest Expense2728Interest PayableNotes Payable2930Sales Revenue31Stock3233Wages ExpenseInstructions Journal StatementsReady画回100%4:03 PM令 D1/19/2022BANG & OLhodeleteendan Bd144

1. Accounting Equation - Accounting Equation is calculated using following equation - Assets =…

Assets Shareholders' Equity Liabilities Amounts in US$ Cash Other Assets Stock Retained Earnings Account Title 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 2 Issued a 3-month, 6% promissory note to the bank due on June 30 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 Sold 150 karaoke machines for cash: Record the sale Record the cost of the sale Per Unit Total Amount Account Title Amount Account Title Amount 111,000 106,000 22,000 132,000 154.00 Paid its employee cash for services performed in April 7 Declared and paid a cash dividend to its shareholders A1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value A2 Adjusted for interest owed on loan with 6% interest and principal due on June 30 1,484 1,080 1,100 530 Column Totals

Assets Shareholders' Equity Liabilities Amounts in US$ Cash Other Assets Stock Retained Earnings Account Title 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 2 Issued a 3-month, 6% promissory note to the bank due on June 30 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 Sold 150 karaoke machines for cash: Record the sale Record the cost of the sale Per Unit Total Amount Account Title Amount Account Title Amount 111,000 106,000 22,000 132,000 154.00 Paid its employee cash for services performed in April 7 Declared and paid a cash dividend to its shareholders A1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value A2 Adjusted for interest owed on loan with 6% interest and principal due on June 30 1,484 1,080 1,100 530 Column Totals

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 2PA: Financial statements The assets and liabilities of Global Travel Agency on December 31, 20Y5, and...

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