Inventory:

Laptop: LT-1234 1@$102.00 each on 11/7/2017

Desktop: DT-214 1@$79.00 each on 11/7/2017; 1@$71.00 each on 11/16/2017

Monitor: MON-5478 1@52.00 each on 11/7/2017; 2@$57.00 each on 11/11/2017; 1@$53.00 each on 11/16/2017

Printer: PRN-1255 2@$31.34 each on 11/7/2017

Server: 1@$427.00 each on 11/11/2017

Prepaid Insurance:

12-month liability insurance policy for $924.00 is purchased from Scorn Insurance on 11/1/2017

Accounts Receivable:

Fisher: 11/9/2017 - $497.09

Systems, Inc.: 11/17/2017 - $5,436.85

Fixed Assets: Sum-of-the-Years Digits Method

Computer Repair Equipment - $7,743.22 purchased on 11/3/2017; salvage value - $750.00; 7-year life; accumulated depreciation - $145.69

Office Furniture - 1,101.01 purchased on 11/14/2017; salvage value - $300.00; 3-year life; accumulated depreciation - $33.38

Accounts Payable:

Scorn, Inc.: 11/5/2017 - $462.00

Computer Warehouse: 11/7/2017 - $578.68

Rax Electric: 11/22/2017 - $175.22

Office Woes: 11/14/2017 - $1,101.01

Computers R Us: 11/16/2017 - $372.00

Loan:

$21,000.00 loan on 11/1/2017; payment due on 27th of each month; 7.7% annual interest for 7 years

12/4/2017	f	Fisher pays his account in full and Systems, Inc. pays $10,500.00 towards its account
12/4/2017	g	The computer repair equipment has a flaw in its computer board and is returned.
		The vendor refunds the entire purchase price
12/5/2017	h	Petty cash for $57.89 is used to pay for a business lunch
12/5/2017	i	New computer repair equipment for $8,457.22 is purchased with
		cash. The salvage value is $800.00 and the useful life is 4 years
12/6/2017	j	One half of what is owed on the credit card is paid in cash