The Boone Company is a reta' comparry that begas operatione on October 1,2018 , when it incomorated in the state of North Cacolina. The Boone Comparty is asthorised to issue 200,000 shares of $1 par value common shock and 75,000 shares of 3%,$35 por value prelerted stock. The company sels a product that includes a one-year warranty ond reconde estimehed warranty payable sach month. Customers are charged a EN stahe sales tax. The concany uses a perpetual eveshory syalom. There are three enployees that are paid a moelthy salary on the last day of the month. Nov. 17 Declared cash dividends of $1 per outstanding share of common stock. Nov. 18 Paid $450 for utilities. Nov. 27 Paid the cash dividends. Recorded cash sales for the month of $170,000 plus sales tax of 6%. The cost of the Nov. 30 goods sold was $102,000 and estimated warranty payasle was 9%. Nov. 30 Recorded November payroll and paid employees. Nov. 30 Accrued employer payroll taxes for November. Dec. 1 Paid the second mortgage payment. Dec. 10 Paid Tip Top for the merchandise inventory purchased on November 10. Dec. 12 Paid $7,300 to satisfy warranty claims. Dec. 15 Sold 350 shares of treasury stock for $18 per share. Dec. 15 Paid all liabilities associated with the November 30 payroll. Dec. 15 Remitted (paid) sales tax from November sales to the state of North Carolina. Dec. 18 Paid $240 for utilities. Dec. 19 Purchased merchandise inventory on account from Tip Top for $80,000, terms n/30. Recorded cash sales for the month of $190,000 plus sales tax of 6%. The cost of the Doc. 31 goods sold was $114,000 and estimated warranty payable was 9%. Dec. 31 Recorded December payroll and paid employees. Dec. 31 Accrued employer payroll taxes for December