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

A. Submit accounts

B. Determine the Cost of Manufactured and Sold Goods

C. Make balance sheet and income statement reports

Transactions:

1. Through stock earnings you receive $10,000 in cash. 2. A total of 200 packages for use in production are purchased with a loan of $4,000. 3. A packing equipment is purchased for a cost of $9,000 with a loan. It has a residual of $ 1000 and life of 8 years. 4. Packaging equipment is depreciated. 5. 140 packages are used in production. 6. Utilities are paid for $470. 7. Quality and supervisor work is paid for $800

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

9. Distribution costs are paid for $2,000

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