Sponsored P Why the PayPal app? More ways to safely PayPal move, save, manage, and invest all in one EXPLORE THE APP OEn2koTV8wkaAiXb_F100Ca /storage/emulated/0/Download/ B E F H 1 are the current account balances for Sharon's Stones: 2 3 Income Statement account Amount (dr/cr) Balance Sheet account 4 Sales Revenue 1900 cr Cash 5 Service Revenue 150 cr Accounts Receivable Amount (dr/cr) 4,330 dr 450 dr 6 Cost of Goods Sold Expense 400 dr Inventory 800 dr 7 Utilities Expense 1220 dr Equipment 3,000 dr 8 Accounts Payable. 1,200 cr 9 Bank Loan 2.250 cr 10 Sharon, Capital Sharon, Withdrawals 5.000 cr 300 dr 11 12 13 14 16 17 18 19 20 Sep 5, 2024-Sharon pays her supplier for the Aug 11 purchase. 21 22 Sep 13, 2024-Sharon makes a $950 cash sale. The goods had cost her $450. 15 Make the necessary journal entries for the following transactions: Aug 31, 2024-Sharon recognizes that her equipment will last 3 years and have a salvage value of $100 at that point, She wishes to depreciate all capital asse Sep 1, 2024-Sharon purchases a $6,000 vehicle financed through a car dealership loan (4% annual interest rate with interest payable every three months). Sep 3, 2024- Hugh pays off his remaining debt to Sharon. Sep 9, 2024-Sharon secures a $3.000 contract to produce ten jewellery pieces. The customer will provide the materials and pay at the end. 23 Sep 18, 2024-Sharon buys inventory for $800 on account. 24 Sep 21, 2024-Sharon completes a $100 necklace repair on account. 25 Sep 25, 2024-Sharon secures a $2.000 contract to produce seven jewellery pieces. The customer pays her up front. 26 Sep 28, 2024-Sharon repays $750 of her bank loan 27 Sep 30, 2024-Sharon estimates she has completed two-thirds (66.7%) of the work on the Sep 9 contract and one-quarter (25%) of the work on the Sep 25 contract 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 Part 1 Part 2 Part 3 Part 4 O