Instructions post the 10 transactions listed below in the Taccounts. Use the total amount of the Taccounts to complete the income Statement and Balance Sheet. The numbers above each Taccount represents the transaction number that utilizes that account Income Statement 5 Account Receivablel 7 1,2,3,5,6,7 CASH $65,000 $1.200 $5,500 $8,000 Sales Revenue 9 10 Expenses Cast of Goods Sold Total Expense Net Income $2,100 Balance Sheet Revenue Cost of Goods soldl Liabilities Accounts Payable Bank loan Wapes Payable Accounts Receivable $1,500 Prepaid insurance $1,100 Total abilities $1.500 Accum Depreciation Total Assets $105.000 Owners Equity Paid in Capital Retained carings $45,000 Total $67,100 Total Lab & OE S105.co Transactions You invest $65,000 in your company Company borrows $30,000 from bank Company purchased $18,000 of furniture paid cash Paid In Capital $65.000 Sales Revenue Cost of Goods sold Balance Sheet $1,500 Liabilities Accounts Payable Bank Loan Wages Payable insurance Bepensel $1,100 I Ware Expense $1.500 Depreciation Exp. RRNENSERER Total abilities S 500 Accum Depreciation $300 Total Assets $105 Owners Equity Paid in Capital Retained Earnings 2.100 Total OE 1 2 Total tib Transactions You invest $65.000 in your company Company borrows $30,000 from bank company purchased $18,000 of furniture paid cah Company purchased $15.000 of inventory on account Sold $5000 of inventory for $100.155.500 cash and 1.500 Bought 1 year of insurance for $1200 paid cash Paid So cash to accounts payable for inventory Record adjustment office furniture depreciated of $300 Record adjustment of one month of insurance used $100 Record adjustment of $1500 for wares incurred learned but not yet paid 0 7 23 10 LG