accounting lucky problem for exam preparation. all the files are attched

See Transactions & Additonal at Bottom of Page Cash Accounts Receivable Inventory Prepaid Insurance Land Equipment Accumulated depreciation, equip Accounts Payable Interest Payable Notes Payable Common Stock Retained Earnings Revenue Cost of Goods Sold Salary Expense Wage Expense Rent Expense Depreciation expense Telephone Expense Insurance expense Interest expense Gain on sale Loss on sale Lucky Enterprises, Inc. Trial Balance as of March 31, 20XX Cr as of April 30, 20xx 31,368 21,125 13,800 1,400 15,000 33,000 4,125 13,000 312 25,000 50,000 12,800 65,000 32,500 7,500 10,600 1,200 1,032 800 600 312 170,237 1 2 3 4 5 6 7 8 9 10 11 12 13 Db 170,237 - - 1-Apr ck 96 Paid weekly wages of $1200 1-Apr ck 97 Paid April rent of $600 5-Apr Sold 10 kits @ $1500 each, at a cost of $750 each on account AYL invoice 141 6-Apr ck 98 paid 3000 on account JML 8-Apr ck 99 Paid weekly wages of $1200 8-Apr Purchased $8000 of kit inventory on account from KRU 11-Apr Received $8125 on account from AYL for invoice # 128 11-Apr Sold 6 kits @ $500 each, at a cost of $250 each on account MT inv 142 12-Apr Sold land holdings for $15,000 13-Apr Issue $25,000 stock to R. U. Lucky for cash 16-Apr ck 100 Paid weekly wages of $1200 17-Apr Sold 5 kits @ $1,500 each, at a cost of $750 each to MT (cash sale). 17-Apr Purchased $3000 of kit inventory on account from KRU invoice # 500 14 15 16 17 18 19 20 21 22 18-Apr ck 101 Purchased kit inventory for $750 from JML 23-Apr ck 102 Paid weekly wages of $1200 25-Apr Received $6000 on account from MT 26-Apr ck 103 Paid $10,000 on account KRU 28-Apr Received $7,000 on account from AYL 29-Apr Sold 3 kits @ $1,500, at a cost of $750 each to AYL (cash sale). 30-Apr ck 104 Paid weekly wages of $1200 30-Apr ck 105 Paid monthly salary $2500 30-Apr Received telephone bill of $300 for service provided in April Additional : a previous note bears interest @ 5% per annum with balloon payment due in 5 years b Seven months of insurance remained prepaid at the start of the month c Equipment has an 8 year life with no salvage value Requirements: 1. 2. 3. 4. 5. 6. Record all of the transactions for April in the appropriate journals. Prepare the trial balance at April 30, 20XX. Prepare the income statement for Lucky for the four months ending April 30, 20XX. Prepare a statement of retained earnings for the four month period ended April 30, 20XX. Prepare a balance sheet as of April 30, 20XX. Prepare a general journal for the month of April 30, 20XX. Accounts Receivable March 31, 20xx Customer Invoice # Date Amount Aging AYL 128 03/08/XX 8125 0-30 AYL 132 03/13/xx 7000 0-30 Total AYL 15125 MT MT Total MT 129 03/13/XX 133 03/31/XX Total Account Receivable 3000 0-30 3000 6000 21125 Accounts payable aging March 31, 20XX JML Total JML KRU 03/01/XX 3000 03/04/XX 03/31/XX Total KRU 3000 7000 10000 Total Accounts payable 13000 Cash Receipts journal Sales Date Accounts Credited Ref. Cash Dr. Accounts Discounts Receivable Dr. Cr. Other Accounts Sales COGS DR/ Cr. Cr. Inv CR Cash Payments Journal Date Ck. No. Accounts Debited Ref. Other Accounts Wage Merchand Merchand ise ise Accounts Payable Expense Inventory Inventory Dr. Dr. Dr. Dr. Cr. Cash Cr. Sales Journal Invoice No. Date Account Posting Ref Accounts COGS receivable DR/Invent DR/Sales CR ory CR Purchases Journal Date Date of Invoice Invoice No Account Terms Other Post Ref DR Inventory DR Payable CR General Journal Date Account/Description DR CR