x - Data table More info Cash 554 Accounts payable $ 1,896 Receivables 1,069 Other liabilities 7,952 Inventories 1,896 Other assets 1,487 5,694 Shareholders' equity 2,122 a. Jelly carried in inventory at a cost of $5 was sold for cash of $9 and on open account of $21, for a grand total of $30. b. Acquired inventory on account, $12. c. Collected receivables, $3. d. On May 2, used $96 cash to prepay some rent and insurance for 6 months. Zepho classifies prepaid expenses as Other Assets. e. Payments on accounts payable (for inventories), $7. f. Paid selling and administrative expenses in cash, $7. g. Prepaid expenses of $16 for rent and insurance expired in May. h. Depreciation expense of $8 was recognized for May. Property, plant, and equipment $ 11,335 Total 11,335 Total Print Done Print Done x - Data table More info Cash 554 Accounts payable $ 1,896 Receivables 1,069 Other liabilities 7,952 Inventories 1,896 Other assets 1,487 5,694 Shareholders' equity 2,122 a. Jelly carried in inventory at a cost of $5 was sold for cash of $9 and on open account of $21, for a grand total of $30. b. Acquired inventory on account, $12. c. Collected receivables, $3. d. On May 2, used $96 cash to prepay some rent and insurance for 6 months. Zepho classifies prepaid expenses as Other Assets. e. Payments on accounts payable (for inventories), $7. f. Paid selling and administrative expenses in cash, $7. g. Prepaid expenses of $16 for rent and insurance expired in May. h. Depreciation expense of $8 was recognized for May. Property, plant, and equipment $ 11,335 Total 11,335 Total Print Done Print Done