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1 (6 points): Bodom Ltd. is a guitar manufacturing, repair, and retail business. Bodom Ltd. engaged in the following transactions during November 2021: Nov 5
1 (6 points): Bodom Ltd. is a guitar manufacturing, repair, and retail business. Bodom Ltd. engaged in the following transactions during November 2021: Nov 5 Nov 8 Nov 12 Nov 15 Nov 27 Nov 28 Required: Promised a supplier that Bodom Ltd. would order 67 guitars for $600 each in December. Sold 4 guitars in-store to a customer on account for $500 each. Received an advance cash payment of $900 for a guitar that will be delivered to a customer in December. Paid $5,000 in cash for December rent. Collected $3,000 cash from a customer who bought several guitars on account in October. Purchased equipment for $160,000 by signing a note that requires payment next year. For each of the above activities, indicate the appropriate journal entry that the company should record at the given dates, or, if applicable, indicate if no journal entry should be recorded
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