Data Table The Tusquittee Company Chart of Accounts Cash Dividends PayableCommon Merchandise Inventory Notes Payable Land Mortgages Payable Building Common Stock$1 Par Value Store Fixtures Paid-in Capital in Excess of ParCommon Accumulated Depreciation Paid-in Capital from Treasury Stock Transactions Accounts Payable Retained Earnings Employee Income Taxes Payable Treasury StockCommon FICAOASDI Taxes Payable Cash Dividends FICAMedicare Taxes Payable Sales Revenue Employee Health Insurance Payable Cost of Goods Sold Federal Unemployment Taxes Payable Salaries Expense State Unemployment Taxes Payable Payroll Tax Expense Income Tax Payable Utilities Expense Sales Tax Payable Depreciation Expense Estimated Warranty Payable Warranty Expense Interest Payable Income Tax Expense Interest Expense

Oct. 1 Issued a S320 000, 10-year, 5% mortgage payable for land with an existing store building. Mortgage payments of$4,000 are due on the first day of each month, beginning November 1. The assets had the following market values: Land, $200,000, Building, $120,000. Date Accounts Debit Credit Oct. 1