Prepare JOurnal Entries, Trial Balance,Balance Sheet, Profit and Loss, Statement of RE and Statement of Cash Flow
No.	Date	Transaction Description
1	Nov. 1	Company issues common stock 110,000 shares at $11 per share with par value of $1 per share.
2	Nov. 1	Takes a six-month short-term loan $55,000 from the bank with the interest rate 12%, with the principal and interest paid at maturity
3	Nov. 1	Purchases a property as office space at $175,000 , in which $60,000 is the cost for the land and the remaining is the cost for the building. The estimated useful life of the building is 30 years and the residual value is $6,000
4	Nov. 1	Rents a warehouse and prepays the first month's rent $6,000 and security deposit $12,000
5	Nov. 1	Purchases a delivery truck for $63,000 by cash, with 10 years of estimated useful life and $3,000 residual value. The truck is estimated to be driven for 100,000 miles.
6	Nov. 2	Issues 1,800 preferred stocks of par value $3 for $15 each; The annual dividend is 5%.
7	Nov. 2	Purchases supplies by cash for $5,000
8	Nov. 2	Invests $25,000 in short-term investment
9	Nov. 2	Pays for the insurance premium $6,000 for six months, starting from the current month
10	Nov. 3	Receives cash advance $15,000 from customer Alpha for an order to be filled later
11	Nov. 3	Purchase 1: 6,000 units @ $50 from supplier A (by cash)
12	Nov. 8	Purchase 2: 1,500 units @ $55 from supplier B (50% paid immediately and the remaining is made on account)
13	Nov. 12	Sells 3,000 units priced @ $75 (sold to customer Alpha, the remaining amount is paid in full by cash immediately)
14	Nov. 15	Purchase 3: 2,400 units @ $60 from supplier A (made on account)
15	Nov. 16	Lends $36,000 to a client by receiving a promissory note issued by the client with interest rate of 12% and maturity of six months.
16	Nov. 20	Sells 3,600 units priced @ $78 (on account) to customer Beta
17	Nov. 22	Sells 1,500 units priced @ 80 (by cash) to customer Gamma
18	Nov. 25	300 units from the sale on Nov. 22 are returned and customer Gamma gets full refund immediately
19	Nov. 29	Repurchases 1000 shares at $16 each for the purpose of issuing bonus to employees at the end of the year
20	Nov. 30	Announces cash dividends to common stocks, with $0.10 per share (Ignore the dividends to preferred stocks), to be paid at the beginning of next year
21	Nov. 30	Receives a bill from the bank for the month service charge $500
22	Nov. 30	Selling expense accrued in the month is $6,000 and paid in full
23	Nov. 30	Administrative expense for the month is $5,500 and paid in full
24	Nov. 30	Pays the utility bill for current month by cash $1,500
25	Nov. 30	Accrue salary expense $30,000 for the month, which will be paid at the beginning of the next month
26	Nov. 30	Pays for the bank service charge by cash
27	Nov. 30	Receives interest in cash from the short-term investment for the month $600
28	Nov. 30	Supplies amount to $1,500 at the end of the month
Additional Information		Method to estimate bad debt expense:	5% A/R
		Depreciation method for the property:	DDB
		Depreciation method for the delivery truck:	Units-of-Activity (The truck was driven for 1,500 miles during this month)
		Perpetual inventory with:	WA
		The income tax rate is 30%