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During Year 2 , the business experienced the following events. Signed a note with the bank in exchange for $ 8 0 0 , 0
During Year the business experienced the following events.
Signed a note with the bank in exchange for $ cash.
Purchased Land, a Building & remodeled the building for the following amounts: Land $; Building Remodel $
Purchased and installed freezer $
In the prior year, CIC sold a parcel of land and received in return cash and a note receivable of $ due January Year The note carries interest at the rate of $ of interest was recorded as of Dec year Record the remaining interest due and receipt of interest from the note receivable.
Recorded purchase of units of ice cream at $ each, on account.
Recorded sale of units of ice cream at $ each, on account.
Sold shares of the $ par common stock for $ per share.
Sold shares of the percent preferred stock for $ per share.
Recorded purchase of units of ice cream at $ each, on account.
Recorded sale of units of ice cream at $ each, on account.
Recorded cash payment of the storage and delivery bill for July Dec, $
Recorded cash payment to WT for wages for July Dec of $
Recorded receipt of $ from customers on account.
Recorded payment to the manufacturer of $ of the amount owed.
Completed a consulting job with My Assistant's new owners to help with year end financials in exchange for $ & a consulting job with a company similar to My Assistant as a startup venture in exchange for $
Declared a $ per share dividend on the common stock. There were shares in beginning common stock.
Declared cash dividend on the outstanding shares of preferred stock for the year
Paid dividends owed to stockholders of record on December
Record depreciation on building see packet for details
Record depreciation on truck with a salvage value of $ and a useful life of years
Record depreciation on freezer equipment see packet for details
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