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I need to associate these transactions for the sale of a business to specific accounts in Quickbooks Plus as part of my coursework. Can you
I need to associate these transactions for the sale of a business to specific accounts in Quickbooks Plus as part of my coursework. Can you help?
| Purchase Price | 197,000.00 |
| Closing Agent Fee | 875.00 |
| Stamp Tax | 182.00 |
| UCC-1 Filing | 38.00 |
| Earnest Money Deposit | 5,000.00 |
| Seller Note 5% 104 weeks | 52,000.00 |
| Total credits/deductions | 57,000.00 |
| Total Due from buyer to seller | 198,095.00 |
| Total Credits/Deductions | 57,000.00 |
| Net due from buyer to seller | 141,095.00 |
| EQUIPMENT | |
| 2014 Ford Super Duty F-350 - VIN 1FT8W3BT3EEA90202 | 46,461.00 |
| 2012 Ford Super Duty F-350 - VIN 1FT8W3DT7C75265 | 45,913.00 |
| 2006 Ford F-350 new engine - VIN 1FTWX33P96ED37858 | 26,394.00 |
| 2018 Trailer - VIN 5HVBD1226JL12487 | 8,027.00 |
| 2017 Trailer - VIN 5HVBD1226HL124601 | 6,054.00 |
| 2018 Trailer - VIN 5HVBD1226JL125220 | 8,027.00 |
| 2011 Dump Trailer | 5,724.00 |
| Generator - Gener6012276 | already depreciated |
| Heat Welder | already depreciated |
| Cord for Generator and Heat Welder | already depreciated |
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Connect For Financial Accounting Information For Decisions
Authors: Author
10th Edition
1260386937, 9781260386936
