Trail balance one including adjustments and one without

ra 1. March 1: Stockholder's invest $789,789 into the company in exchange f y in exchange for Billy common stock March 1: Billy Bob paid in advance for a 6-month paid $8,274 cash for the policy 2. insurance policy, which will begin today. He 3. March 1: Billy Bob purchased some land and a building for a total of $1.197,183 using $477.185 Based on the total purchase price of cash and then borrowing the rest from the bank. the land was $276,543 and the building was the remainder. The loan from the bank will be paid off over the next 16 years (1/16 of the principal will be paid off at the end of each year). The carries an interest rate of 9.22%. Interest accrued will be paid off at the end of every year. building has an expected life of 40 years and will be depreciated using the straight-line method. loan The March 2: Billy Bob purchased 15 bikes from Biker's Bargains. Each bike cost $2.960 and the credit terms are 4/15, n/30. (Note: Bikes are considered Inventory) 4. 5. March 2: Billy Bob paid FedEx $1,849 cash to ship the bikes he bought from Biker's Bargains. 6. March 4: Billy Bob purchased $2,751 worth of supplies from Oliver's Office Supplies paying cash. 7. March 5: Billy Bob sold 9 bikes to Carl's Cars for $8,750 each with credit terms of 2/10, n/30. The 8. March 5: Carl's Cars paid DHL $1,107 cash to ship the bikes he just bought. 9. total cost of the bikes was figured out to be $27,747. March 7: Billy Bob hires Biker Betty for promotional purposes. He estimates her salary to be $10/hour. She will probably work 10 hours this month. 10. March 10: Billy Bob paid off the balance due from Biker's Bargains. 11. March 11: Carl's Cars paid his balance off for the bikes he purchased. 12. March 12: Billy Bob's pay period ends and he now owes his employees $4,444 in salaries. These salaries will be paid on March 17h 13. March 14: Billy Bob purchased 17 more bikes from Biker's Bargains. Each bike cost $3.050 and 14. March 14: Billy Bob paid UPS $2,091 cash to ship the bikes he bought from Biker's Bargains. 15. the credit terms are 4/10 EOM, n/50. March 15: Billy Bob sold 12 bikes to Robbie Knievel for $9,150 each with credit terms of 3/10, n/30. The cost of the bikes was determined to be $37,536. 16. March 15: Billy Bob paid FedEx $1,489 to ship the bikes to Robbie Knievel