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Amount $ 5,600 Ats Account Cash Inventory Eimant, Net ities Account Notes Payable Interest Payable Amount 5 8,000 45 Balance sheet May 1 Shareholders' Equity Amount Account $ 8,000 Stock 2,060 Retained Earning 11.900 # 1 Purchased on account 200 karaoke machines for 55.000 9 2600 for six months insurance coverage that begins May 1 10 11 3 Sold 150 machines on account for $70/machine that cost $30/machine 12 Record the 13 Record the cost of these 14 Collected $2,500 of accounts receivables from the same account 16 Pald 54,000 forintrachadon counter Declared paid $100ch dividend to shareholders 18 AL Adjured intrance and the month 19 Adjusted for $100 of deorection on quant 20 A Add to $100 Wowed that will be paid in the wount MAdjusted for 540 of interest owed on the bank loan the interest and principal will be 21 paid on June 30 22 Asset Account Cach Inventory Equipment, Net Amount 5 5,600 600 11.000 6.000 Amount $ 8.000 . Liabilities Account Notes Payable Interest Payable Shareholders' Equity Amount Account 8.000 Stock 2,060 Retained Earnings us 2 6 Balance sheet at May 1 7 1 1 Purchase an account 200 karaoke machines for $6.000 Paid $600 for six months of insurance coverage that begins May 1 10 3 Sold 150 machines on account for S70/machine that cost 5 30/machine Record the sale Record the cost of the sale Collected $2.500 of accounts receivables from the sales made on account 15 5 Pad 4 000 forintory purchased on counter Declared and paid $100 cash divided to its shareholders 13 AB Adjusted for insurance used during the month 15 Adjusted for $100 of depreciation on equipment 20 Auted for $900 of wages owed that will be paid in the first week of June Muted for $40 of interest owed on the bank loan recall the interest and principal will be 21 paid on June 10 4 nella