December 31, 2023 - You set up a company called "Your Name" Gun Restoration and Pistol Sales, LLC. The federal tax id # is: 51-9658745. You have been keeping books manually, but after learning QuickBooks, you have decided to convert the manual books to QuickBooks. You are a gunsmith that is well establish as a high-quality restorer of all types of guns, but you have decided to start selling pistols and ammunition as well. A full-time sales clerk is hired for the purpose of selling the pistols - information on her can be found when she is first paid at the end of January. All federal payroll payments are made to the U.S. Treasury; terms are net 30. The SUTAAR # rate is 3.7%. Arkansas sales tax is based on location and is only charged on tangible products. Sales Tax and SUTAAR are both paid to the Arkansas Department of Revenue; terms are net 30. Publication 946 for 2023 returns is used for depreciation. January 1, 2024 - The Chase credit card is used to purchase a business meal for $32.11 from Flame's; reference #62587BAA; terms: due on receipt. January 3, 2024 - Fuel for the company truck is purchased for $32.21 using petty cash. January 4, 2024 - A 12-month vehicle insurance policy is purchased on account for $628.20 from Progressive Insurance; terms are net 30; reference # is 663585547. January 6, 2024 - A computer system is purchased for $1,524.22 with the Chase credit card from Best Buy; terms are net 15; reference # is 76464. January 7, 2024 - A gun restoration taking 20 hours is completed for Clint Eastwood. Restoration services are provided at $92.00 per hour. He also purchases 1 CM380 at $599.00 and 2 boxes of AF380 for $22.00 each and 1 box of AJ380 for $27.00. Clint paid at the time of service with VISA #8777. The business terms for all customers are due on receipt. Start with invoice/receipt #701. January 8, 2024 - Gun Supplies are purchased on account for $314.39 from Midway USA; terms are net 30; reference # 1439. January 9, 2024 - $400.00 is paid with check #204 towards the Chase credit card. Vendor is Chase Bank; terms are net 30. January 10, 2024 - A bill arrives from Verizon Wireless, $1,350.00 is for the iPhone and $75.99 is for the mobile phone service; terms are net 15; reference # INV-222. January 12, 2024 - The monthly rent of $2,770.26 is paid with #205 to Cashman Management; terms are 20th of each month January 13, 2024 - A bill arrives from Texas Electric & Gas for utility services of $258.21; terms are net 30; reference # is 514-88. January 15, 2024 - Jarvis Davis pays $2,500.00 towards account with check #5241; Stanton pays account in full with check #1117.