Sunny's Emporium had the following transactions in November, $2023,$ the final month in their fiscal year:

TRANSACTIONS

November $1$ Sold a fully depreciated cash register and point of sale system for $$3,000($originally recorded as store equipment$)$

November $1$ A new cash register and point of sale system is delivered and installed at a total cost of $$192,000.$

The system has an expected useful life of $4$ years, no residual value and will be depreciated using the straight line method.

The company made a downpayment of $$15,000$ and issued a $4-$year $7\%$ note for the balance. Interest and $1/4$ of the principal is due on October $31,2024,2025,2026$ and $2027.$

November $27$ Petty cash on hand was $$17.$ Replenished the petty cash fund for the following disbursements,

each evidenced by a petty cash receipt:

Store supplies, $$76.$

Express charges on merchandise sold, $$190($Delivery Expense$).$

Office supplies, $$104.$

Repair to office file cabinet lock, $$116($Miscellaneous Administrative Expense$).$

November $30$ Sold a $750,00010-$year bond, semi$-$annual interest at $6\%$ when market interest rate was $8\%$

November $30$ The cash sales for the month, according to the cash register records, totaled $$50,325,$ including sales tax of $$4,575.$ The actual cash received from these cash sales was $$50,335.$ Cost of goods sold related to these sales was $$27,450.$

Required:

$1$ Journalize the transactions and post them to the general ledger.

YOU DO NOT HAVE TO POST YOUR TRANSACTIONS!!!

ROUND ALL CALCULATIONS TO THE WHOLE DOLLAR!!!!

Chart of Accounts

CHART OF ACCOUNTS

Sunny's Emporium

General Ledger

ASSETS REVENUE

$110$ Cash $410$ Sales

$111$ Petty Cash $610$ Interest Revenue

$120$ Accounts Receivable $620$ Gain on Sale of equipment

$131$ Notes Receivable EXPENSES

$132$ Interest Receivable $510$ Cost of Goods Sold

$141$ Merchandise Inventory $515$ Credit Card Expense

$145$ Office Supplies $516$ Cash Short and Over

$146$ Store Supplies $520$ Sales Salaries Expense

$151$ Prepaid Insurance $525$ Payroll Tax Expense

$181$ Land $530$ Store Supplies Expense

$185$ Building $531$ Selling Expenses

$186$ Accumulated Depreciation$-$Building $532$ Product Warranty Expense

$191$ Office Equipment $533$ Advertising Expense

$192$ Accumulated Depreciation$-$Office Equipment $534$ Delivery Expense

$193$ Store Equipment $540$ Insurance Expense

$194$ Accumulated Depreciation$-$Store Equipment $541$ Office Supplies Expense

LIABILITIES $542$ Rent Expense

$210$ Accounts Payable $543$ Repairs Expense

$221$ Notes Payable $550$ Depreciation Expense$-$Building

$225$ Bonds Payable $551$ Depreciation Expense$-$Office Equipment

$226$ Discount on Bonds premium $552$ Depreciation Expense$-$Store Equipment

$227$ Premium on Bonds Premium $560$ Miscellaneous Administrative Expense

$229$ Interest Payable $561$ Miscellaneous Selling Expense

$231$ Salaries Payable $710$ Interest Expense

$232$ FICA Payroll Taxes Payable $720$ Loss on sale of equipmemt

$233$ Employees Federal Income Tax Payable

$241$ Product Warranty Payable

$251$ Sales Tax Payable

EQUITY

$310$ Common Stock

$311$ Retained Earnings

$312$ Dividends