With the following transactions post Assets, Liabilities, Capital, Expenses and Income under their corresponding account names. You must submit an excel file with your name.

A. Present the accounts

B. Determine the Cost of Goods Manufactured and Sold

C. Make the Balance Sheet and Income Statement reports

Transactions:

1. Through stock gains you receive $ 10,000 in cash.

2. A total of 200 packages are purchased with a loan of $ 4,000 for use in production.

3. Packing equipment is purchased at a cost of $ 9,000 with a loan. It has a residual of $ 1000 and a life of 8 years.

4. Packaging equipment is depreciated.

5. 140 packages are used in production.

6. Profits are paid for $ 470.

7. Quality and supervisor labor is paid for $ 800

8. Sales department costs are paid for $ 1,500.

9. Distribution costs are paid for $ 2,000

10. There was a sale of 130 packages at $ 80 each.