Financial Transactions Reports Attach a file with the following reports A The transaction postings per account Asset, Liability, Equity, Expenses, and Income B Determine the Cost of Manufactured Goods and the Cost of Goods Sold C The summary reports for the Balance Sheet and for the Income Statement Transactions $10,000 dollars were received as Market Share earnings and deposited in cash 200 material units were purchased for production by using a loan of $4,000 New packaging equipment was purchased using a loan of $9,000 The equipment has a life of 8 years and a residual value of $1,000 The equipment is depreciated for one year Of the materials units, 140 were used in production Electricity (Power) was paid for $470 The labor charges of the Quality Inspector and the Supervisor are paid for a total of $800 Sales department costs were paid in the amount of $1,500 The Distribution costs were paid for the amount of $2,000 A sales of 130 products were done at $80 per product Financial Transactions Reports (30 Points) (File Response) Attach a fle with the following reports A The transaction postings per account Asset, Liability, Equity, Expenses, and Income B Determine the Cost of Manufactured Goods and the Cost of Goods Sold C The summary reports for the Balance Sheet and for the Income Statement Transactions 1 $10,000 dollars were received as Market Share earnings and deposited in cash 2 200 material units were purchased for production by using a loan of $4,000 3 New packaging equipment was purchased using a loan of $9,000 The equipment has a life of 8 years and a residual value of $1,000 4 The equipment is depreciated for one year 5 Of the materials units, 140 were used in production 6 Electricity (Power) was paid for $470 7 The labor charges of the Quality Inspector and the Supervisor are paid for a total of $800 8 Sales department costs were paid in the amount of $1,500 9 The Distribution costs were paid for the amount of $2,000 10 A sales of 130 products were done at $80 per product

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Financial Transactions Reports Attach a file with the following reports. A. The transaction postings per account: Asset, Liability, Equity, Expenses, and Income. B. Determine the

Financial Transactions Reports

Attach a file with the following reports.

A. The transaction postings per account: Asset, Liability, Equity, Expenses, and Income.

B. Determine the Cost of Manufactured Goods and the Cost of Goods Sold

C. The summary reports for the Balance Sheet and for the Income Statement

Transactions:

$10,000 dollars were received as Market Share earnings and deposited in cash.
200 material units were purchased for production by using a loan of $4,000.
New packaging equipment was purchased using a loan of $9,000. The equipment has a life of 8 years and a residual value of $1,000.
The equipment is depreciated for one year
Of the materials units, 140 were used in production.
Electricity (Power) was paid for $470.
The labor charges of the Quality Inspector and the Supervisor are paid for a total of $800
Sales department costs were paid in the amount of $1,500
The Distribution costs were paid for the amount of $2,000.
A sales of 130 products were done at $80 per product.

Financial Transactions Reports (30 Points) (File Response) Attach a fle with the following reports: A. The transaction postings per account Asset, Liability, Equity, Expenses, and Income B. Determine the Cost of Manufactured Goods and the Cost of Goods Sold C. The summary reports for the Balance Sheet and for the Income Statement Transactions 1. $10,000 dollars were received as Market Share earnings and deposited in cash 2.200 material units were purchased for production by using a loan of $4,000 3. New packaging equipment was purchased using a loan of $9,000. The equipment has a life of 8 years and a residual value of $1,000 4. The equipment is depreciated for one year. 5. Of the materials units, 140 were used in production 6. Electricity (Power) was paid for $470 7. The labor charges of the Quality Inspector and the Supervisor are paid for a total of $800 8. Sales department costs were paid in the amount of $1,500 9 The Distribution costs were paid for the amount of $2,000 10. A sales of 130 products were done at $80 per product