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Fill in yellow areas begin{tabular}{|lr|} hline multicolumn{1}{|c}{KarrynoKey,Inc.BalanceSheetMay31} Cash & $103,890 Accounts Receivable & 4,896 Inventory & 3,270 Prepaid Insurance & 2,725
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\begin{tabular}{|lr|} \hline \multicolumn{1}{|c}{KarrynoKey,Inc.BalanceSheetMay31} \\ Cash & $103,890 \\ Accounts Receivable & 4,896 \\ Inventory & 3,270 \\ Prepaid Insurance & 2,725 \\ Total Current Assets & 114,781 \\ Equipment & 130,800 \\ Accumulated Depreciation & (2,180) \\ Total Assets & $243,401 \\ Accounts Payable & $13,080 \\ Accrued Liabilities & 1,484 \\ Notes Payable & 106,000 \\ Interest Payable & 1,060 \\ Total Current Liabilities & 121,624 \\ Stock & 110,000 \\ Retained Earnings & 11,777 \\ Total Liabilities and Shareholders' Equity & $243,401 \\ \hline \end{tabular} \begin{tabular}{|lr|} \hline \multicolumn{1}{|c}{KarrynoKey,Inc.BalanceSheetMay31} \\ Cash & $103,890 \\ Accounts Receivable & 4,896 \\ Inventory & 3,270 \\ Prepaid Insurance & 2,725 \\ Total Current Assets & 114,781 \\ Equipment & 130,800 \\ Accumulated Depreciation & (2,180) \\ Total Assets & $243,401 \\ Accounts Payable & $13,080 \\ Accrued Liabilities & 1,484 \\ Notes Payable & 106,000 \\ Interest Payable & 1,060 \\ Total Current Liabilities & 121,624 \\ Stock & 110,000 \\ Retained Earnings & 11,777 \\ Total Liabilities and Shareholders' Equity & $243,401 \\ \hline \end{tabular}Step by Step Solution
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