Sunny's Emporium had the following transactions in April, 2024, the final month in their fiscal...

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Accounting

Sunny's Emporium had the following transactions in April, 2024, the final month in their fiscal year:
TRANSACTIONS Score
April 1 Sold a fully depreciated delivery truck for $15,000.4
April 1 A new delivery truck is delivered at a total cost of $126,000. The truck has an expected useful life 3
of 7 years, with no residual value and will be depreciated using the straight line method.
The company made a downpayment of $25,000 and issued a 4-year 6% note for the balance.
The note requires annual payments of $29,150, including interest and principal, be made on
March 31,2025,2026,2027 and 2028.
April 29 Petty cash on hand was $27. Replenished the petty cash fund for the following disbursements, 6
each evidenced by a petty cash receipt:
Store supplies, $56.
Express charges on merchandise sold, $165(Delivery Expense).
Office supplies, $123.
Repair to office file cabinet lock, $120(Miscellaneous Administrative Expense).
April 30 Sold a 200,00015-year bond, with semi-annual interest at 6% when market interest rate was 8%3
April 30 The cash sales for the month, according to the cash register records, totaled $27,525, including sales 6
tax of $2,525. The actual cash received from these cash sales was $27,537. Cost of goods sold related to
these sales was $17,450.
Required: What I am looking for: Possible Earned
1 Journalize the transactions. Entries are correctly analyzed and recorded in the journal using correct account names.

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