Question: 5. Open the Excel Template for CP 2 file from coursesite. The account balances below are from the Dandy Baking Company accounting system as of

 5. Open the Excel Template for CP 2 file from coursesite.

5. Open the Excel Template for CP 2 file from coursesite. The account balances below are from the Dandy Baking Company accounting system as of June 30th 2014. Enter the beginning balance from each account into the t-accounts on the Excel file. After you enter the beginning balances, the balance sheet should balance. Accounts Payable $ 24,000.00 Inventory $ 180,000.00 Accounts Receivable $ 17,000.00 Investments (short term) 33 5,000.00 Building $ 285,000.00 Notes Payable (long-term) $ 245,000.00 Cash $ 74,000.00 Notes Payable (short-term) $ 25,000.00 Contributed Capital $ 90,000.00 Retained Earnings $ 327,000.00 Equipment $ 125,000.00 Wages Payable $ 35,000.00 Equipment Patents $ 30,000.00 Prepaid Rent $ 30,000.00 Record each transaction below into the t-accounts in the Excel workbook. After you record each transaction, check the balance sheet and make sure it is balanced. a. Issued additional shares of stock for $10,000 in cash. b. Purchased additional short term investments for $5,000 cash. c. Spoke to a sales representative to order $20,000 of baking ingredients for the week. (i Rnld nnuinmpnt for $4 non cash

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