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14 Required 1) Lawn King Company engaged in the following transactions for November and December. Record the following transactions on the 15 Daily Transactions tab,

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14 Required 1) Lawn King Company engaged in the following transactions for November and December. Record the following transactions on the 15 Daily Transactions tab, Note: Place debits first, credits second but do NOT indent credits. If more than one debitor credit please list in alphabetical order to 16 receive full credit 1-Now The owner invested $130000 into the company in exchange for 5,000 shares of common stock 1. Nov The company purchased a computer system for $20000 and siped a one year note for the entire balance. The note is due on 10 November 1, 2025 and has an annual rate of interest of 3% 19 2 Nov Paid for two years rent on the office space, $18000. 20 3-Nov Purchased 10 tractors at a total cost of $1100 each for cash, FOB Destination 4-Nov Purchased $1700 of supplies on account, term/30 15-Nov Purchased 12 tractors at a total cost of $1210 each on account, terms/30, FOB Destination. Shipping of $150 was paid to the 22 shipping company by the appropriate party 17 Nov Paid for the supplies purchased on November 4 24 18-Nov Paid for two year insurance policy for the store, 512000. The policy was effective beginning December 1, 2024 20-Nov Sold 17 tractors for $3200 each on account, terms 2/10, 1/30, the company uses FIFO to find the cost of goods sold. The printers 25 were shipped FOB Shipping Point. Record the sales revenue first 36 28 Nov Received payment in full on account from the November 20 sale. 27 29-Nov Paid for November's utilities bill $1700. Prepared payroll for the month of November, the first payroll for the company. Record the Salares Expense entry first. The tax 28 30-Nov rates are as follows: 29 Federal Income Tax Rate -15% NC Income Tax Rate 10 Instructions Day Traviations Adjustings Ledger Adre tot Euty Statement ce Sheet m . D Daly Transactions oral Page DR Account 1 Nov Cach CR 1.000 1100 Zwant cash 1000 14 15 11 15. Daily Tende

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