2. On 3/1/23, the company purchased a large fishing boat for $49,000 of which had a down payment of $9,000 and the rest of borrowed from First Hawaiian Bank. The Note Payable's principle has a 4% annual interest rate due every 6-months while the principle is due at maturity date in 5 years. Make sure to book ALL regular journal entries for 2023 related to this entry.

3. Shark Bait purchased $18,500 of office supplies and lures from Huge Minnows Company on 3/1/23 on account.

4. Liability insurance was purchased on 5/1/23. The 12 month policy cost $7,200 and was paid in full.

5. Shark Bait paid half of what it owes to Huge Minnows Company on 9/1/23. 6. Shark Bait provided fishing tours and received $56,100 from customers on 9/6/23. 7. On 10/7/23, Shark Bait sold some lures that it originally bought for $6,700. The amount of the sale was $4,300.

2. On 3/1/23, the company purchased a large fishing boat for $49,000 of which had a down payment of $9,000 and the rest of borrowed from First Hawaiian Bank. The Note Payable's principle has a 4% annual interest rate due every 6-months while the principle is due at maturity date in 5 years. Make sure to book ALL regular journal entries for 2023 related to this entry. 3. Shark Bait purchased $18,500 of office supplies and lures from Huge Minnows Company on 3/1/23 on account. 4. Liability insurance was purchased on 5/1/23. The 12 month policy cost $7,200 and was paid in full. 5. Shark Bait paid half of what it owes to Huge Minnows Company on 9/1/23. 6. Shark Bait provided fishing tours and received $56,100 from customers on 9/6/23. 7. On 10/7/23, Shark Bait sold some lures that it originally bought for $6,700. The amount of the sale was $4,300