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Case 4 Now it's time for you to add some investing and financing activities to your company. Based on what you learned in the text

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Case 4 Now it's time for you to add some investing and financing activities to your company. Based on what you learned in the text using the Sample Company, you are to make the following changes to the Case 4 company you modified in Chapter 5: Create a new fixed asset account with an account type: Fixed Asset, detail type: Buildings, name: Buildings. Track depreciation of this asset. 2. Create a new asset account with an account type: Other Assets, detail type: Other Long Term Assets, name: Investments Change the name of the Interest Pald expense account to interest Expense, ting and Financing W AA W Record the signing of a new 8%, 24-month note payable on 1/01/2021 with Coast Bank (a new vendor) in the amount of $18,000. A check was received from Coast Bank and immediately deposited. S Record the purchase of a new building on 1/23/2021 from ABC Holdings (a new vendor), check: 25501, amount: $35,000 Record the purchase of a long-term investment on 1/25/2021 from Barber Investments, Inc. (a new vendor), check: 25502, amount: $8,000, 7 Record the sale of common stock on 1/26/2021 to Shareholders (a new vendor) receiving a $10,000 check that was immediately deposited. Record the purchase of furniture from Pacific Furniture (a new vendor) on 1/27/2021. in exchange for a ting and Financing Activities W AAN check wat was immeurtery depositeu. 8 Record the purchase of furniture from Pacific Furniture (a new vendor) on 1/27/2021 in exchange for a note payable of $6,000 Record the payment of principle ($694) and interest ($120) to Coast Bank on the $18,000 note payable on 1/31/2021 with check 25503 10 Record the payment of $1,000 in dividends to Shareholders on 1/31/2021, check: 25504. Prepare and print the Trial Balance 1/31/2021 report you saved previously. Your report should look like Eigure 6.12 Figure 6.12 Talpa 1/1

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