The Bsone Company a s rstat company that began eperitions on Oelober 1, 20t th, whos a inobrporaled in the stase : of Nost Cavelna. The Boose Conpary is ackpined a iswe 200.000 aheres of $1 par value commen stock and Folowing is the chat of acoouns for Tha Boone Compary As a new business, at peginnirg boiances are and recordi cosmaled wotanty payable esch mond. Customers are charged a texs state soles lat. Fhe company eperabign Cill the ioen to ver the trantactions) Plead the reivitannets Issued 32,000 shares of $1 par value common stock for cash of $24 per Oct. 1 share. Issued a $160,000,10-year, 5% mortgage payable for land with an existing store building. Mortgage payments of $2,000 are due on the first day of each month, beginning November 1 . The assets had the following Oct. 1 market values: Land, $80,000; Building, $80,000. Issued a one-year, 12% note payable for $9,200 for store fixtures. The Oct. 1 principal and interest are due October 1, 2019. Purchased merchandise inventory on account from Tip Top for $132,000, Oct. 3 terms n/30. Oct. 15 Paid $200 for utilities. Recorded cash sales for the month of $150,000 plus sales tax of 6%. The cost of the goods sold was $90,000 and estimated warranty payable was Oct. 319%. Oct. 31 Recorded October payroll and paid employeers. Oct. 31 Accrued employer payroll taxes for October. Nov. 1 Paid the first mortgage payment. Nov. 3 Paid Tip Top for the merchandise inventory purchased on October 3. Purchased merchandise inventory on account from Tip Top for $100,000, Nov. 10 terms n/30. Nov. 12 Purchased 700 shares of treasury stock for $12 per share. Nov. 15 Paid all liabilities associated with the October 31 payroll. Remitted (paid) sales tax from October sales to the state of North Nov. 15 Carolina. Nov. 16 Paid $3,500 to satisfy warranty claims. 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 goods sold was $102,000 and estimated warranty payable was Nov. 309%. Nov. 30 Recorded November payroll and paid employees. Nov. 30 Accrued employer payroll taxes for Novembel. 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. Nov. 309%. 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 asshciated with the November 30 payroll. Remitted (paid) sales tax from November sales to the state of North Dec. 15 Carolina. Dec. 18 Paid $240 for utilities. Purchased merchandise inventory on account from Tip Top for $80,000, Dec. 19 terms n/30. Recorded cash sales for the month of $190,000 plus sales tax of 6%. The cost of the goods sold was $114,000 and estimated warranty payable was Dec. 319%. Dec. 31 Recorded December payroll and paid employees. Dec. 31 Accrued employer payroll taxes for December. d North Cavilna. The Boone Compsyy a authorted to issue 200,000 shares of $1 par watue common stock and 75,000 shares of 3%,530 par value preferted thock The compary sele a product that inclustes a one-year wardanty 50. (Click the icon to view the chart of vicoints) ueses a gerpetual invertony sylem, There are these enployees that are paid a monttey solary on the last day of the morth The Boone Campary competed the fotowing transactons during the last quater of 2018, its firsty. cperations: lilick the loon to wew the trantacions.) Read the requinerants The Bsone Company a s rstat company that began eperitions on Oelober 1, 20t th, whos a inobrporaled in the stase : of Nost Cavelna. The Boose Conpary is ackpined a iswe 200.000 aheres of $1 par value commen stock and Folowing is the chat of acoouns for Tha Boone Compary As a new business, at peginnirg boiances are and recordi cosmaled wotanty payable esch mond. Customers are charged a texs state soles lat. Fhe company eperabign Cill the ioen to ver the trantactions) Plead the reivitannets Issued 32,000 shares of $1 par value common stock for cash of $24 per Oct. 1 share. Issued a $160,000,10-year, 5% mortgage payable for land with an existing store building. Mortgage payments of $2,000 are due on the first day of each month, beginning November 1 . The assets had the following Oct. 1 market values: Land, $80,000; Building, $80,000. Issued a one-year, 12% note payable for $9,200 for store fixtures. The Oct. 1 principal and interest are due October 1, 2019. Purchased merchandise inventory on account from Tip Top for $132,000, Oct. 3 terms n/30. Oct. 15 Paid $200 for utilities. Recorded cash sales for the month of $150,000 plus sales tax of 6%. The cost of the goods sold was $90,000 and estimated warranty payable was Oct. 319%. Oct. 31 Recorded October payroll and paid employeers. Oct. 31 Accrued employer payroll taxes for October. Nov. 1 Paid the first mortgage payment. Nov. 3 Paid Tip Top for the merchandise inventory purchased on October 3. Purchased merchandise inventory on account from Tip Top for $100,000, Nov. 10 terms n/30. Nov. 12 Purchased 700 shares of treasury stock for $12 per share. Nov. 15 Paid all liabilities associated with the October 31 payroll. Remitted (paid) sales tax from October sales to the state of North Nov. 15 Carolina. Nov. 16 Paid $3,500 to satisfy warranty claims. 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 goods sold was $102,000 and estimated warranty payable was Nov. 309%. Nov. 30 Recorded November payroll and paid employees. Nov. 30 Accrued employer payroll taxes for Novembel. 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. Nov. 309%. 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 asshciated with the November 30 payroll. Remitted (paid) sales tax from November sales to the state of North Dec. 15 Carolina. Dec. 18 Paid $240 for utilities. Purchased merchandise inventory on account from Tip Top for $80,000, Dec. 19 terms n/30. Recorded cash sales for the month of $190,000 plus sales tax of 6%. The cost of the goods sold was $114,000 and estimated warranty payable was Dec. 319%. Dec. 31 Recorded December payroll and paid employees. Dec. 31 Accrued employer payroll taxes for December. d North Cavilna. The Boone Compsyy a authorted to issue 200,000 shares of $1 par watue common stock and 75,000 shares of 3%,530 par value preferted thock The compary sele a product that inclustes a one-year wardanty 50. (Click the icon to view the chart of vicoints) ueses a gerpetual invertony sylem, There are these enployees that are paid a monttey solary on the last day of the morth The Boone Campary competed the fotowing transactons during the last quater of 2018, its firsty. cperations: lilick the loon to wew the trantacions.) Read the requinerants