could you help me figure out what numbers go where ? E PomatD22x v fxDGHAssetsShareholden' EquityAmounts in USSCashOther AssetsLiabilitesStockRetained EamingsS During Apnil, its finst month of business, Kamy no Key, Inc.6 1 lissued stock to its ownens, Louden Clear and Justin Tune, in exchange for cash7 2 lisued a 3-month, 6% promissory note to the bank due on June 3083 Purchased 200 karaoke machines it plans to sell paying cash94 Purchased a display stand on April 1 with a 10 vear usetul life paving cashPer UnitTotalAmountAccount TitleDlagnaste ChekAmountAccount TitleAmauntAccount Title116,000111,000ThueTueTue23,000138,00010Sold 150 karaoke machines for cash:11Record the sale$ 161.00Record the cost of the salePaid its employee cash for services perfomed in Apri14 7 Declared and paid a cash dividend to its shareholders1213Due1,554Due1,13015 A1 Adjusted for depreciation on its equipment with a 10-year useful life and no salvage value16 A2 Adiusted for interest owed on loan with 6X Interest and principal due on June 301,150Thue55517Celumn Totels1819Chart of Accounts:20Accumulated DepreciationCash2122Cost of Goods Sold23Depreciation Expense24Dividends25Equipment26Inventory27Interest ExpernseInterest PaahleNotes Payable282930Sales Revenue31Stock32Wagm Expense333435363739404145A JournalStatementsInstructionsReadyHelp Available 7OniceHours07 UPnn1 LIALM1 h3 due jan 25M1 QUIZ DUE JAN 25All due by 6 pm.Career DevelopmentInformation for Students inBusinessMisc. Student/CampusBesourcesMacBook AirDOF11F10F9

Debit what comes in, Credit what goes out. Debit the receiver, Credit the giver. Debit all expenses…

Amounts in US S During Apnil, its fint month of business, Kamy no Key, Inc.: Per Unit Total Issued stock to its ownen, Louden Clear and Nustin 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 Apni 1 with a 10-year uselul life paying cash Sold 150 karaoke machines for cash: 1. 116,000 111.000 3. 23,000 138,000 4. Record the sale S 161.00 12 Recond the cost of the sale Paid its employee cash for services perfomed in Apnil 7Declared and paid a cash dividend to its shareholden 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 une 30 13 1,554 1,130 14 15 1,150 16 555 17 Celume Teels

Amounts in US S During Apnil, its fint month of business, Kamy no Key, Inc.: Per Unit Total Issued stock to its ownen, Louden Clear and Nustin 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 Apni 1 with a 10-year uselul life paying cash Sold 150 karaoke machines for cash: 1. 116,000 111.000 3. 23,000 138,000 4. Record the sale S 161.00 12 Recond the cost of the sale Paid its employee cash for services perfomed in Apnil 7Declared and paid a cash dividend to its shareholden 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 une 30 13 1,554 1,130 14 15 1,150 16 555 17 Celume Teels

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 10MCQ

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