The following information is available for X-cell Inc. on February 28 for the month just ended a. A review of the $20,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $13.600 the end of the month b. Interest of $380 has accrued on a bank loan and is unrecorded c. Or the $6,250 rent paid to X.cell Inc, in advance, $4,500 has not yet been eamed d. The estimated monthly depreciation on the building is $190, e. X-cell Inc. purchased equipment at the start of the month. The equipment cost $55,500 and in expected to have a residual value of $7.500 at the end of the The following information is available for Courtand Corp. on December 31 for the year just ended. 3. A review of the $4,200 unadjusted balance in the supplies account shows a balance on hand at the end of the year of $3,750 b. $1,300 of the advertising paid for in advance has been published by the newspaper c. The estimated yearly depreciation on the equipment is $950 d. Of the $7,300 consulting fees Courtland Corp. received in advanco, $4,900 has not yet been earned Property taxes of $4,400 have accrued but are unrecorded The following transactions occured during 2014 for Southale Inc. which uses a perpetual inventory system (a) February 1 Southale Inc.'s merchandise was sold to Ludwigine for $2.100 cash. The merchandise cost 1,680. (b) February 1 Southgate ine purchased merchandise from Global Filter Corp. for $3,300 under credit forms of 0 FOB destination (c) February : Southgate Inc.'s merchandise was sold to Burton Corporation for $7.700 under credits of 218, 30, FOB shipping point. The cost of chandise 130 (d) February 3: Southgate Inc purchased merchandise from Velorinc. for $9.000 under Creators of VOFOB shipping point (o) February 4. Paid $400 for freight charges for the February 3 purchase of merchandise in February : South Inc.'s merchandise that cost 52,646 was sold Holden Corp for $3.300 unders of 215.90. Foi shpping point (9) February 12. Ahor negotiations with Velor le concernino problems with the merchandise purchased on February received a credit momento grande production of 1000 February 10 a $500 credit memorandum o Holden Comp for analowance on goods sold on February February 22 Received the balance due from Holden Corp. for the sale doted February 0March Received the titance due from Burton Corporation for the dated February April 2. Pald the amount due to Color Corp. for the February 1 Durchase A4 Paid the balance due fo Velor ind a) Calculate thelles for Southgate Ino during 2014 ) Calculate the cost of poons sold for Sortigut in during 2014 Cost of Goods The following information is available for X-cell Inc. on February 28 for the month just ended a. A review of the $20,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $13.600 the end of the month b. Interest of $380 has accrued on a bank loan and is unrecorded c. Or the $6,250 rent paid to X.cell Inc, in advance, $4,500 has not yet been eamed d. The estimated monthly depreciation on the building is $190, e. X-cell Inc. purchased equipment at the start of the month. The equipment cost $55,500 and in expected to have a residual value of $7.500 at the end of the The following information is available for Courtand Corp. on December 31 for the year just ended. 3. A review of the $4,200 unadjusted balance in the supplies account shows a balance on hand at the end of the year of $3,750 b. $1,300 of the advertising paid for in advance has been published by the newspaper c. The estimated yearly depreciation on the equipment is $950 d. Of the $7,300 consulting fees Courtland Corp. received in advanco, $4,900 has not yet been earned Property taxes of $4,400 have accrued but are unrecorded The following transactions occured during 2014 for Southale Inc. which uses a perpetual inventory system (a) February 1 Southale Inc.'s merchandise was sold to Ludwigine for $2.100 cash. The merchandise cost 1,680. (b) February 1 Southgate ine purchased merchandise from Global Filter Corp. for $3,300 under credit forms of 0 FOB destination (c) February : Southgate Inc.'s merchandise was sold to Burton Corporation for $7.700 under credits of 218, 30, FOB shipping point. The cost of chandise 130 (d) February 3: Southgate Inc purchased merchandise from Velorinc. for $9.000 under Creators of VOFOB shipping point (o) February 4. Paid $400 for freight charges for the February 3 purchase of merchandise in February : South Inc.'s merchandise that cost 52,646 was sold Holden Corp for $3.300 unders of 215.90. Foi shpping point (9) February 12. Ahor negotiations with Velor le concernino problems with the merchandise purchased on February received a credit momento grande production of 1000 February 10 a $500 credit memorandum o Holden Comp for analowance on goods sold on February February 22 Received the balance due from Holden Corp. for the sale doted February 0March Received the titance due from Burton Corporation for the dated February April 2. Pald the amount due to Color Corp. for the February 1 Durchase A4 Paid the balance due fo Velor ind a) Calculate thelles for Southgate Ino during 2014 ) Calculate the cost of poons sold for Sortigut in during 2014 Cost of Goods