The Boone Comparyy is a retai compary that began ogerators on October 1. 2018, whan it incorporated in the state of hore Cargina. The Boone Company is asthorued to issue 200,000 shares of 51 par value commen stock and 15.680 ahares of 3%,539 per valub prelered stock. The company sels a product that includes a one-year warmanty and rocoeds estimated warranty payahle each menth. Cuntsmers ase charged a 6% state sales tix. The compary uses a perpetusi inverlory splen. There are thres ertpleyees that are paid a monthly saiary on the iast 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%. T Nov. 30 goods sold was $102,000 and estimated warranty payable 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 purchasec. 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 Dec. 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