01 01 he the company as well as the necessary The was S000. was a deposit not on the bank statement AeNN check that had cleared the bank S1500 The bank received an dvrosit that war in advance for 60 to delivered the year the has this deposit The service charge moeth na The shares of mey issue 700 shares of s eumulative preferred stock for s107 per share. el ol The is authoriaed to sell 600.000 shares ofcommon stock. They shares of par common stock for S600,000 cash. 01 sold all the old equipment for a 10% S160,000 Note Reoeivable. The old equipment was leweNiatel using straight line ion over 10 years with S20,000 residual. 01/16 Porchased 300.000 tawek by paying S60,000 cash and borowing s240,000 using an installment note Installment payments are due ANNUALLY on February 1 for THREE years starting in 2017 The payments are SS0,000 pinciple plus interest. The note has a 6% annual interest rate. N02 Purchased 200 units of inventory for Siso each on account. g 0Nisra sold 400 units of inventory S600 each on account. The Company uses LIFO for inventory a30 rail payable Short Tem. Interest rate on the note is12% annually. The note was issued 10 Revived S220.000 nom customers on account. 1200 costs ofs20,000 for the year 12 Paid 01 01 he the company as well as the necessary The was S000. was a deposit not on the bank statement AeNN check that had cleared the bank S1500 The bank received an dvrosit that war in advance for 60 to delivered the year the has this deposit The service charge moeth na The shares of mey issue 700 shares of s eumulative preferred stock for s107 per share. el ol The is authoriaed to sell 600.000 shares ofcommon stock. They shares of par common stock for S600,000 cash. 01 sold all the old equipment for a 10% S160,000 Note Reoeivable. The old equipment was leweNiatel using straight line ion over 10 years with S20,000 residual. 01/16 Porchased 300.000 tawek by paying S60,000 cash and borowing s240,000 using an installment note Installment payments are due ANNUALLY on February 1 for THREE years starting in 2017 The payments are SS0,000 pinciple plus interest. The note has a 6% annual interest rate. N02 Purchased 200 units of inventory for Siso each on account. g 0Nisra sold 400 units of inventory S600 each on account. The Company uses LIFO for inventory a30 rail payable Short Tem. Interest rate on the note is12% annually. The note was issued 10 Revived S220.000 nom customers on account. 1200 costs ofs20,000 for the year 12 Paid