Nov, $16$: Billy Bob bought a Bike Making Machine for $$428,000$ using $$68,000$ cash and then borrowing the rest from the bank. The loan will be paid off over the next $5$ years $(\frac{1}{5}$ of the principal will be paid at the end of each year$).$ The loan carries an interest rate of $4\mathrm{.}34$ percent. Interest accrued will be paid off at the end of every year. The Bike Making Machine has an expected life of $7$ years, a salvage value of $$17,408$ and depreciates using the straight$-$line method.

Nov, $18$: Billy Bob purchased $$5,431$ worth of supplies from Olga's Office Supplies paying cash.

Nov. $19$: Billy Bob's pay period ends and he now owes his employees $$6,451$ in salaries. These salaries will be paid on November ${25}^{th}.$

Nov, $20$: Billy Bob returned $4$ of the bikes he bought from Paul's Choppers. They credited $$15,500$ to his account.

Nov. $20$: Paul's Choppers paid UPS $$555$ to have the bikes shipped back to him.

Nov. $21$: Billy Bob's Bikes paid cash dividends of $$29,898.$

Nov. $22$: Billy Bob purchased $24$ bikes from Carly's Cars. Each bike cost $$3,899$ and the credit terms are $2/10$ EOM, n$/90.$

Nov. $22$: Billy Bob paid UPS $$5,432$ to have the bikes shipped to him.

Nov. $23$: Biker's Bargains returned two of the bikes they bought of Billy Bob because parts were falling off them. The cost of the bikes to Billy Bob was figured out to be $$7,825.$

Nov. $23$: Biker's Bargains paid FedEx $$295$ to have the bikes shipped back to him.

Nov. $25$: Billy Bob paid his employees for the period ended November ${19}^{th}.$

Nov. $26$: Billy Bob paid a utilities bill in the amount of $$4,187.$

Nov. $28$: Billy Bob sells $20$ bikes to Biker Chick's Chop Shop for $$8,905$ each with credit terms of $\frac{3}{10},\frac{n}{30}.$ The cost of the bikes was determined to be $$81,884.$

Nov. $28$: Biker Chick's Chop Shop paid UPS $$4,547$ to ship the bikes to them.

Nov. $29$: Biker's Bargains paid their balance off for the bikes they purchased.

Nov. $30$: Billy Bob paid off the balance due from Paul's Choppers

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