t Raquirament 2. Post to ha ganal ladger Post the trarsactiona using the transaction letert ccum -Accumu aod Dapr-Doprecistion) posing eerences Compure sach account balance ater poatng al of the t Cred Ckck the icon to wew tre jo.mal cntries trom Recuirement 1. Accounts Psyable Bain, Cop ta Franchi (h) Interest Payable Notcs Payazlc Oce Equipment Nole Paysble n Crfee Supplies ig Prepaid Insurance ccounta Payabic Pelity Casth ain, Cepital 200 Accounts Recevaie 210 000 Coel cf Goods Sold Marchande lmemory Cuel of Goods Sold Marchandba Invetory Comp10-1 (similar to) rcick the icon to view the aoditonal Information.) (Click the icon to view the chart of accounts.) Reforence King Appliance Center-Cape May has just purchased a franchise from King Appliance Center (KAC) 2018, its first year of operations 4,550 450 0) Casth Following is the chart af accounts for King Appliance Center-Cape May. As a new business, all beginning balances are $0 Credit Card Expense Sales Revenue Cost of Goods Sold 45,000 0) 21,000 Bain, Withdrawals Merchandise Inventory 21,000 (m) Cash 210,000 Accounts Receivable 210,000 In Merchandise Inventory Accounts Payable 600,000 Franchise Fee Expense 800,000 Allowance for Bad Debts (o) Accounts Payable 290,000 Cash 280,000 P) Cash 300,000 Sales Revenue 300,000 Salaries Expense p) Cost of Goods Sold Merchandise Inventory Merchandse Inventory 155,000 ) Cas 107,500 Interest Revenue 7,500 100,000 Notes Receivable Utilities Expense r Notes Recelvable 280,000 Sales Revenue 280,000 r) Cast of Goods Sold 138,000 Merchandise Inventory 136,000 510,000 (s) Accounts Payable Cash Otfice Supplies Insurance Expense 510,000 t) Accounts Receivable t) Cost of Goods Sold u) Ca5h 960,000 Sales Ravenue 950,000 84,000 Merchandise Inventory 304,000 Prepaild Insurance Supplies Expense 700,000 Accounts Receivable 700,000 Salaries Expense 200,000 Print Done omework: Unit 3 Project (Instructor may require this to be core: 6.93 of 50 pts 1 of 1 (1 complete) Comp10-1 (similar to) (Click the icon to view the additbonal intormation.) (Click the icon to view the chart of accounts.) Reference King Applance Center-Cape May has just purchased a tranchise from King Appliance Center (KAC). 18, its first year of operations Following is the chart of accounts for King Appliance Center-Cape May As a new business, all beginning balances are $0 (o) Accounts Payable (p) Cash p) Cost of Goods Sold ) Cash 290,000 Cash 290,000 300,000 Prepaid Insurance Supplies Expense Sales Revenue 300,000 155,000 Merchandise Inventory 155,000 07,500 Interest Revenue 7,500 100,000 Interest Receivable Bad Debts Expense Notes Receivable (r) Notes Receivable ) Cost af Goods Sold s) Accounts Payable (t) Accounts Receivable () Cost af Goods Sold u) Cash 280,000 Sales Revenue 280,000 136,000 Merchancise Inventory 36,000 Notes Receivable Bank Expense 510,000 Cash 510,000 960,000 Sales Revenue 960,000 384,000 Land Credit Card Expense 94,000 700,000 700,000 Accounts Receivable Salaries Expense Utiities Expense 200,000 4.000 Depr. Expense-Building Cash 214,000 ) Office Supplies 81 13 Cash Short and Over Cash ) Bain, Withdrawals Cash 4 000 Accum. Depr-Building Depr. E Store Fixtures 4,000 y) Franchise Fee Expense 132,650 Cash 32 850 Print Done omework: Unit 3 Project (Instructor may require this to be core: 6.93 of 50 pts 1 of 1 (1 complete) Comp10-1 (similar to) Reference King Appliance Center Cape May has just purchased a franchise from King Appliance Center (KAC) 8, its first ye (Click the icon to view the additional information.) Following is the chart of accounts for King Appliance Center-Cape May. As a new business, all beginning balances are so (Click the icon to view the chart of accounts.) (o) Accounts Payable 290,000 290,000 (p) Cash 300,000 Sales Revenue 00,000 Accum. Depr Depr. Expense-Store Fixtures (p) Cost of Goods Sold 155,000 Merchandise Inventory 155,000 (G) Cash 107,500 Interest Revenue 7,500 100,000 Notes Receivable Store Fixtures Depr. Expense-Office Equipment (r) Notes Receivable 280,000 Sales Revenue 280,000 Cost of Goods Sold 136,000 Merchandise Inventory 136,000 (s) Accounts Payable 510,000 Accum. Depr-Store Fixtures 510,000 O) Accounts Receivable 960,000 Sales Revenue 960,000 t) Cost of Goods Sold 384,000 Merchandise Inventory 384,000 Office Equipment Interest Expense (u) Cash 700,000 Accounts Recelvable 700,000 (v) Salaries Expense Utilities Expense 200,000 14,000 Cash 214,000 Accum. Depr. Office Equipment Cash Short and Over (w omice Supplies 81 Cash Short and Over 13 Cash x) Bain, Withdrawals Cash 94 4,000 4,000 Franchise ) Franchise Fee Expense 32,650 132,650 PrintDone hoose from any list or enter any number in the input fieds and then click Check Answer 5 parts t Raquirament 2. Post to ha ganal ladger Post the trarsactiona using the transaction letert ccum -Accumu aod Dapr-Doprecistion) posing eerences Compure sach account balance ater poatng al of the t Cred Ckck the icon to wew tre jo.mal cntries trom Recuirement 1. Accounts Psyable Bain, Cop ta Franchi (h) Interest Payable Notcs Payazlc Oce Equipment Nole Paysble n Crfee Supplies ig Prepaid Insurance ccounta Payabic Pelity Casth ain, Cepital 200 Accounts Recevaie 210 000 Coel cf Goods Sold Marchande lmemory Cuel of Goods Sold Marchandba Invetory Comp10-1 (similar to) rcick the icon to view the aoditonal Information.) (Click the icon to view the chart of accounts.) Reforence King Appliance Center-Cape May has just purchased a franchise from King Appliance Center (KAC) 2018, its first year of operations 4,550 450 0) Casth Following is the chart af accounts for King Appliance Center-Cape May. As a new business, all beginning balances are $0 Credit Card Expense Sales Revenue Cost of Goods Sold 45,000 0) 21,000 Bain, Withdrawals Merchandise Inventory 21,000 (m) Cash 210,000 Accounts Receivable 210,000 In Merchandise Inventory Accounts Payable 600,000 Franchise Fee Expense 800,000 Allowance for Bad Debts (o) Accounts Payable 290,000 Cash 280,000 P) Cash 300,000 Sales Revenue 300,000 Salaries Expense p) Cost of Goods Sold Merchandise Inventory Merchandse Inventory 155,000 ) Cas 107,500 Interest Revenue 7,500 100,000 Notes Receivable Utilities Expense r Notes Recelvable 280,000 Sales Revenue 280,000 r) Cast of Goods Sold 138,000 Merchandise Inventory 136,000 510,000 (s) Accounts Payable Cash Otfice Supplies Insurance Expense 510,000 t) Accounts Receivable t) Cost of Goods Sold u) Ca5h 960,000 Sales Ravenue 950,000 84,000 Merchandise Inventory 304,000 Prepaild Insurance Supplies Expense 700,000 Accounts Receivable 700,000 Salaries Expense 200,000 Print Done omework: Unit 3 Project (Instructor may require this to be core: 6.93 of 50 pts 1 of 1 (1 complete) Comp10-1 (similar to) (Click the icon to view the additbonal intormation.) (Click the icon to view the chart of accounts.) Reference King Applance Center-Cape May has just purchased a tranchise from King Appliance Center (KAC). 18, its first year of operations Following is the chart of accounts for King Appliance Center-Cape May As a new business, all beginning balances are $0 (o) Accounts Payable (p) Cash p) Cost of Goods Sold ) Cash 290,000 Cash 290,000 300,000 Prepaid Insurance Supplies Expense Sales Revenue 300,000 155,000 Merchandise Inventory 155,000 07,500 Interest Revenue 7,500 100,000 Interest Receivable Bad Debts Expense Notes Receivable (r) Notes Receivable ) Cost af Goods Sold s) Accounts Payable (t) Accounts Receivable () Cost af Goods Sold u) Cash 280,000 Sales Revenue 280,000 136,000 Merchancise Inventory 36,000 Notes Receivable Bank Expense 510,000 Cash 510,000 960,000 Sales Revenue 960,000 384,000 Land Credit Card Expense 94,000 700,000 700,000 Accounts Receivable Salaries Expense Utiities Expense 200,000 4.000 Depr. Expense-Building Cash 214,000 ) Office Supplies 81 13 Cash Short and Over Cash ) Bain, Withdrawals Cash 4 000 Accum. Depr-Building Depr. E Store Fixtures 4,000 y) Franchise Fee Expense 132,650 Cash 32 850 Print Done omework: Unit 3 Project (Instructor may require this to be core: 6.93 of 50 pts 1 of 1 (1 complete) Comp10-1 (similar to) Reference King Appliance Center Cape May has just purchased a franchise from King Appliance Center (KAC) 8, its first ye (Click the icon to view the additional information.) Following is the chart of accounts for King Appliance Center-Cape May. As a new business, all beginning balances are so (Click the icon to view the chart of accounts.) (o) Accounts Payable 290,000 290,000 (p) Cash 300,000 Sales Revenue 00,000 Accum. Depr Depr. Expense-Store Fixtures (p) Cost of Goods Sold 155,000 Merchandise Inventory 155,000 (G) Cash 107,500 Interest Revenue 7,500 100,000 Notes Receivable Store Fixtures Depr. Expense-Office Equipment (r) Notes Receivable 280,000 Sales Revenue 280,000 Cost of Goods Sold 136,000 Merchandise Inventory 136,000 (s) Accounts Payable 510,000 Accum. Depr-Store Fixtures 510,000 O) Accounts Receivable 960,000 Sales Revenue 960,000 t) Cost of Goods Sold 384,000 Merchandise Inventory 384,000 Office Equipment Interest Expense (u) Cash 700,000 Accounts Recelvable 700,000 (v) Salaries Expense Utilities Expense 200,000 14,000 Cash 214,000 Accum. Depr. Office Equipment Cash Short and Over (w omice Supplies 81 Cash Short and Over 13 Cash x) Bain, Withdrawals Cash 94 4,000 4,000 Franchise ) Franchise Fee Expense 32,650 132,650 PrintDone hoose from any list or enter any number in the input fieds and then click Check Answer 5 parts