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1. Nov The owner invested 100000 into the company in exchange for 5.000 states of common stock 1-Nov The company purchased a computer system for

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1. Nov The owner invested 100000 into the company in exchange for 5.000 states of common stock 1-Nov The company purchased a computer system for $10000 and signed a one-year note for the entire balance. The note is due on November 1, 2004 and has an annual rate of interest of 3% 2. Nov Paid for two years rent on the office space. S12000 3.Now Purchased 10 robots at a total cost of $1000 each for cash. FOB Destination 4-Nov Purchased $1600 of supplies on account, term n 30 IS-Noy Purchased 12 robots at a total cost of S1100 cach on account, terms n30. FOB Destination. Shipping of S150 was paid to the shipping company by the appropriate party 17.Nav Paid for the supplies purchased on November 4 18.Nov Paid for a two-year insurance policy for the store, S6000. The policy was effective beginning December 1, 2023 20-Nov Sold 16 robots for $3100 each on account, terms 3/15.30. the company uses FIFO to find the cost of goods sold. The printers were shipped FOB Shipping Point. Record the sales revenue first 28-Nov Received payment in full on account from the November 20 sale 29. Nov Paid for November's utilities bill $1500. 30-Nov Prepared payroll for the month of November, the first payroll for the company. Record the Salures Expense entry fest. The tax rates are as follows: Federal Income Tax Rate -15% NC State Income Tax Rate 10% FICA Tax Rate - 7,65% Unemployment Tax Rate -6% on the first $7000 of cach employees camins per year 1-Dec Paid the employees the amount due to them from the November 30 payroll taxes will be paid in January 1-Dec The company borrowed 560000 from Bank of America by signing a 10-year, 4 note. The not requires annual payments of S7397 beginning December 1, 2024 1-Dec Purchased a new delivery truck to save customers on shipping. The total cost of the Delivery Truck was S40000 4-Dec Paid the amount due from the November 15 purchase S-Dec Declared and paid S2000 in cash dividends to the stockholders of the company 6-Dee Purchased 51100 of supplies on account, term n 30. 7-Dec Purchased 20 robots at a cost of $1210 each an account, terms 20, FOB Destination IS-Dec sold 22 robots for $3410 each on account, terms 270, 30. the company uses FIFO 10 find the cost of goods sold Record the sales tev noe first 18 Dec Paid for an ad in the local newspaper, S1500 24-Dee Received $27280 payment for 8 robots to be shipped on January 8, 2024 31-Dee Prepared payroll for the month of December, the first payroll for the company. Record the Salaries Expense entry fiest. The tax rates follows: Federal Income Tax Rate -15% NC State Income Tax Rate -10% FICA Tax Rate - 7,65% Unemployment Tax Rate - 6% on the first $7001 of each employees earnings per year. 2) Post all the Daily Transactions to the Ledger on the Ledger tab. 3) As of December 31, a search revealed the following information. Record any necessary adjusting entries for the year on the Adjusting Entries tab. The computer equipment purchased on November 1 has a year life and an expected residual salvare value of S1000 Record any interest that has accrued on the note signed on November 1 for the computer system. The rent paid on November 2 is for two years beginning on November 1 The insurance policy purchased on November 18 is effective beginning December 1 5 Supplies on hand as of December 31 totaled S405 The delivery truck purchased on December 1 has a 10 year life and an expected residual (salvage) value of S1000 Accrue the interest, if needed, on the note signed on December 1 Record any bad debe expense for the year ended December 31. If needed, round to the nearest dollar. Utilites accrued but not yet paid as of Decemhct 31 totaled STROO 4) Post all the Adjusting Entires to the Ledger on the Ledger tab. 5) Based on the account balances in the ledger, create an adjusted trial balance on the Adjusted Trial Balance tab. 6) Based on the adjusted trial balance, prepare a multi-step income statement on the Income Statement tah. 7) Based on the adjusted trial balance, prepare the statement of stockholders' equity on the Equity Statement tab. *) Based on the adjusted trial balance. prepare the balance sheet on the Balance Sheet tab. 9) Prepare the closing entries (DO NOT POST them to the ledger, just produce the entries). When journaling, close the accounts in the order they appear on the Trial Balance. De one entry for revenue accounts, one for expense accounts and one for dividend accounts. 10) Calculate the raties on the Ratios tab. AB 13 IN -- 25 1. Nov The owner invested 100000 into the company in exchange for 5.000 states of common stock 1-Nov The company purchased a computer system for $10000 and signed a one-year note for the entire balance. The note is due on November 1, 2004 and has an annual rate of interest of 3% 2. Nov Paid for two years rent on the office space. S12000 3.Now Purchased 10 robots at a total cost of $1000 each for cash. FOB Destination 4-Nov Purchased $1600 of supplies on account, term n 30 IS-Noy Purchased 12 robots at a total cost of S1100 cach on account, terms n30. FOB Destination. Shipping of S150 was paid to the shipping company by the appropriate party 17.Nav Paid for the supplies purchased on November 4 18.Nov Paid for a two-year insurance policy for the store, S6000. The policy was effective beginning December 1, 2023 20-Nov Sold 16 robots for $3100 each on account, terms 3/15.30. the company uses FIFO to find the cost of goods sold. The printers were shipped FOB Shipping Point. Record the sales revenue first 28-Nov Received payment in full on account from the November 20 sale 29. Nov Paid for November's utilities bill $1500. 30-Nov Prepared payroll for the month of November, the first payroll for the company. Record the Salures Expense entry fest. The tax rates are as follows: Federal Income Tax Rate -15% NC State Income Tax Rate 10% FICA Tax Rate - 7,65% Unemployment Tax Rate -6% on the first $7000 of cach employees camins per year 1-Dec Paid the employees the amount due to them from the November 30 payroll taxes will be paid in January 1-Dec The company borrowed 560000 from Bank of America by signing a 10-year, 4 note. The not requires annual payments of S7397 beginning December 1, 2024 1-Dec Purchased a new delivery truck to save customers on shipping. The total cost of the Delivery Truck was S40000 4-Dec Paid the amount due from the November 15 purchase S-Dec Declared and paid S2000 in cash dividends to the stockholders of the company 6-Dee Purchased 51100 of supplies on account, term n 30. 7-Dec Purchased 20 robots at a cost of $1210 each an account, terms 20, FOB Destination IS-Dec sold 22 robots for $3410 each on account, terms 270, 30. the company uses FIFO 10 find the cost of goods sold Record the sales tev noe first 18 Dec Paid for an ad in the local newspaper, S1500 24-Dee Received $27280 payment for 8 robots to be shipped on January 8, 2024 31-Dee Prepared payroll for the month of December, the first payroll for the company. Record the Salaries Expense entry fiest. The tax rates follows: Federal Income Tax Rate -15% NC State Income Tax Rate -10% FICA Tax Rate - 7,65% Unemployment Tax Rate - 6% on the first $7001 of each employees earnings per year. 2) Post all the Daily Transactions to the Ledger on the Ledger tab. 3) As of December 31, a search revealed the following information. Record any necessary adjusting entries for the year on the Adjusting Entries tab. The computer equipment purchased on November 1 has a year life and an expected residual salvare value of S1000 Record any interest that has accrued on the note signed on November 1 for the computer system. The rent paid on November 2 is for two years beginning on November 1 The insurance policy purchased on November 18 is effective beginning December 1 5 Supplies on hand as of December 31 totaled S405 The delivery truck purchased on December 1 has a 10 year life and an expected residual (salvage) value of S1000 Accrue the interest, if needed, on the note signed on December 1 Record any bad debe expense for the year ended December 31. If needed, round to the nearest dollar. Utilites accrued but not yet paid as of Decemhct 31 totaled STROO 4) Post all the Adjusting Entires to the Ledger on the Ledger tab. 5) Based on the account balances in the ledger, create an adjusted trial balance on the Adjusted Trial Balance tab. 6) Based on the adjusted trial balance, prepare a multi-step income statement on the Income Statement tah. 7) Based on the adjusted trial balance, prepare the statement of stockholders' equity on the Equity Statement tab. *) Based on the adjusted trial balance. prepare the balance sheet on the Balance Sheet tab. 9) Prepare the closing entries (DO NOT POST them to the ledger, just produce the entries). When journaling, close the accounts in the order they appear on the Trial Balance. De one entry for revenue accounts, one for expense accounts and one for dividend accounts. 10) Calculate the raties on the Ratios tab. AB 13 IN -- 25

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