gaged in the following transactions for November and December. Record the following transactions on te: Place debits first, credits second but do NOT indent credits. If more than one debit or credit, please in alphabetical order to receive full credit. Round to the penny unless otherwise noted. 1-Nov The owner invested $200000 into the company in exchange for 5,000 shares of common stock 1-Nov The company purchased a computer system for $60000 and signed a one-year note for the entire balance. The note is due on November 1, 2025 and has an annual rate of interest of 3% 2-Nov Paid for two years rent on the office space, $4000. 3-Nov Purchased 10 robots at a total cost of $1500 each for cash, FOB Destination 4-Nov Purchased $750 of supplies on account, term n/30 15-Nov Purchased 12 robots at a total cost of $1650 each on account, terms n/30, FOB Destination. Shipping of $150 was paid to the shipping company by the appropriate party 17-Nov Paid for the supplies purchased on November 4. 18-Nov Paid for a two-year insurance policy for the store, $6000. The policy was effective beginning December 1, 2024. 20-Nov Sold 15 robots for $5000 each on account, terms 3/15, n/30, the company uses FIFO to find the cost of goods sold. The robots were shipped FOB Shipping Point. Record the sales revenue first 28-Nov Received payment in full on account from the November 20 sale. 29-Nov Paid for November's utilities bill $2000 Prepared payroll for the month of November, the first payroll for the company Record the Salares Expense entry first. 30-Nov The tax rates are as follows: Federal Income Tax Rate -15% NC State Income Tax Rate -10% FICA Tax Rate - 7.65% Unemployment Tax Rate -6% on the first $7000 each employees earnings per year. 1-Dec Paid the employees the amount due to them from the November 30 payroll, taxes will be paid in January 1-Dec The company borrowed $65000 from Bank of America by signing a 15-year, 6% note. The note requires annual payments of $6693 beginning December 1, 2025. 1-Dec Purchased a new delivery truck to save customers on shipping. The total cost of the Delivery Truck was $90000 4-Dec Paid the amount due from the November 15 purchase. 5-Dec Declared and paid $2000 in cash dividends to the stockholders of the company. 6-Dec Purchased $900 of supplies on account, term n/30. 7-Dec Purchased 20 robots at a cost of $1815 each on account, terms n/30, FOB Destination. 15-Dec Sold 22 robots for $5500 each on account, terms 2/10, n/30, FOB Shipping Point, the company uses FIFO to find the cost of goods sold Record the sales revenue first. 18-Dec Paid for an ad in the local newspaper, $1500. 24-Dec Received $44000 payment for 8 robots to be shipped on January 8, 2025 31-Dec Prepared payroll for the month of December, the first payroll for the company. Record the Salaries Expense entry first The tax rates are as follows: Federal Income Tax Rate -15% NC State Income Tax Rate -10%. FICA Tax Rate - 7.65% Unemployment Tax Rate-6% on the first $7000 of each employees earnings per year.

gaged in the following transactions for November and December. Record the following transactions on te: Place debits first, credits second but do NOT indent credits. If more than one debit or credit, please in alphabetical order to receive full credit. Round to the penny unless othervise noted. 1 -Nov The owner invested $200000 into the company inewchange for 5,000 shares of common stock. 1-Nov The company purchased a computer system for $60000 and signed a one-year note for the entire balance. The note is due on November 1, 2025 and has an annual rate of interest of 3% 2-Nov Paid for two years rent on the office space, $4000 3-Nou Purchased 10 robots at a total cost of $1500 each for oash, FOB Destination. 4-Nov Purchased $750 of supplies on acoount, term ni30. 15 Nov Purchased 12 robots at a total cost of $1650 each on account, terms ni30, FOE Destination. Shipping of $150w as paid to the shipping company by the appropriate party. Paid for the supplies purchased on November 4. Paid for a two-year insurance polioy for the store, $6000. The policy v as elfective beginning December 1,2024. Sold 15 robots for $5000 each on acoount, terms 3/15, n/30, the company uses FIFD to find the oost of goods sold The robots were shipped FOB Shipping Point. Record the sales revenue first. Recelved payment in full on account from the November 20 sale. Paidfor November's utities bill $2000. Prepared payroll for the month of November, the first payroll for the company. Record the Salares Expense entry first. The tariates are as follows: Federal lnoome Tax Rate- 15% NC State income Tax Rate - 10\%. FICA Tax Rate 7.65% Unemployment Tax Rate 6% on the first $7000 of each employees earnings per year \begin{tabular}{|c|c|} \hline lect & d the employees the amount due to them from the November 30 payroll, taxes will be paid in January. \\ \hline 1-Deo & \begin{tabular}{l} The company borrowed $65000 from Bank of America by signing a 15 -year, 6% note. The note requires annual \\ payments of $6693 beginning December 1,2025 . \end{tabular} \\ \hline 1-Dec & Purchased a new delivery truck to save customers on shipping. The total cost of the Delwery Truck was $90000. \\ \hline 4-Deo & Paid the amount due from the November 15 puichase. \\ \hline S-Dec & Declared and paid $2000 in cash dividends to the stockholders of the company. \\ \hline 6-Dec & Putchased $900 of supplies on account, term n/30. \\ \hline 7-Deo & Purchased 20 robots at a cost of $1815 each on acoount, terms n/30, FOB Destination. \\ \hline 15-Deo & \begin{tabular}{l} Sold 22 robots for 35500 each on aocount, terms 2110 , n/30, FOB Shipping Point, the oompany uses FIFO to find the \\ cost of goods sold. Feoord the sales revenue fitst \end{tabular} \\ \hline 18-Deo & Paid for an ad in the local neuspaper, $1500 \\ \hline 24-Dec & Received $44000 payment for 8 robots to be shipped on January 8.2025 \\ \hline 31-Dec & Prepared payroll for the month of Deoember, the first payroll for the company. Record the Salaties Expense entry first. \\ \hline & \begin{tabular}{l} The tantates are as follows: \\ Federal inoome Tau Rate 15% \\ NC State Inoome Tas Rate 10% \\ FICA Tax Pate 7.65% \\ Unemployment Tas Rate 6% on the first $7000 of each employees earnings per year \end{tabular} \\ \hline \end{tabular}