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AutoSave File Home Insert Arial Dark Skies Nowata, LLC Q8 - transaction ist (Fall 20) - Excel e Search Draw Page Layout Formulas Data Review View Help 10 AA== General A Cell Conditional Format as $ - % 8-68 Formatting Table Styles Font Alignment Number Styles f Insert 5 Delete - OM 28 G Paste BIU Format Sort & Find Filter Select Clipboard 15 Cells HZ A B 1 2 Date Check/iny 3 1 D E F Dark Skies Nowata, LLC - July 2021 Daily Transactions Payee/Vendor Customer Amount Description Mr. John Coody and Ms. Beth Short started Dark Skies Nowata, LLC. They are 50/50 LLC members in this company, meaning they will share both the profits and/or losses equally $94.000 cash investment, $6,000 worth of computers and John Coody $125,000 00 $25,000 2014 Jeep for equity $45,000 Land investment, $60,000 Building investment and Beth Short $125,000.00 $20,000 Cash Investment for equity The Jeep will be depreciated on a straight line basis over 5 years with a $2,500 residual value. (Significant Non-Cash Activity) 4 5 6 7 8 9 10 11 The Computers will be depreciated on a straight line basis over 2.5 years with no residual value. (Significant Non-Cash Activity) The building will be depreciated on a straight line basis over 20 years with a $6,000 residual value. (Significant Non-Cash Activity) $24,000.00 Prepaid for 12 months of advertising $3,000.00 Prepaid for 12 months of liability insurance $3,300.00 Prepaid for 12 months of building insurance 101 102 103 Venture Creative Main Street Insurance Agency Farmers Insurance