what is the journal entry for #6? I attached all of the poosible accounts as well.

2,000 customer. A customer placed a $2,000 deposit on a custom lift that will be ordered from the manufacturer for delivery in early 2017. The exact cost and selling price of the lift is not yet known. 318 319 Property tax expense Advertising expense 320 321 Supplies expense Professional fees 322 Freight in 323 324 Interest expense Bad debt expense Real estate and personal property lakes Newspaper ads, web site maintenance, event sponsorships Office and shop supplies not charged to customers Payments to lawyer, bank (including credit card fees and charges for returned checks), accountant, computer support and other professionals. Freight in costs on sports equipment. This should be added to the cost of goods sold for sports equipment at year end. Freight on piers and lifts is included in the cost of piers and lifts. Interest on loans Recorded every two weeks at an amount equal to 1% of billed sales for custom dock and seawall installations. The balance in the allowance for bad debts account is subject to an aging procedure at year-end Straight line, 30 years, zero salvage value Straight line, 10 years, zero salvage value Straight line, 5 years, zero salvage value Inventory method of depreciation. See account 537 Federal income tax expense calculated only at year-end on the worksheet. 331 333 335 337 Depr. Exp. - building Depr. Exp. - barge Depr. Exp.-trucks Depr. Exp - tools 399 Income tax expense Inventory Accounts Acct No. Account 501 Piers and lifts 503 Dock parts 505 Sports equipment Description Perpetual method. Specific identification. Subject to year-end write down Perpetual method. Specific identification of cost of parts and supplies maintained for construction of custom docks Periodic method using the LIFO method. This means that the inventory is not accurate on a daily basis, it is adjusted only at year-end. This includes items in the store and out on rental Office and shop supplies used in business and not charged to customers. Supplies are expensed as used and this inventory account is only adjusted at year-end. Cost of tools used in business 510 Supplies 537 Tools Revenue Types Acct No. Account 101 Pier and lift sales Description Sale of boat lifts and ready to install piers. The units sold are removed from a perpetual inventory account, number 501, which is maintained using specific identification of units sold. Cash payment for units sold is due on delivery. 102 103 104 Pier and lift Labor charges for installation of some new boat installation labor lifts and piers. Cash payment is due upon completion of installation Custom dock sales Total sales price of custom docks includes purchased lumber, fittings, and associated labor Some parts and supplies are taken from perpetual inventory account 503 and are debited to account 203, "Dock parts costs", using specific identification of units used. Lumber is purchased only as needed for a job and then it is delivered to the job site and is charged directly to the cost of the job using account 203 (and a credit to accounts payable, account 601). Payment from customers is due 30 days after completion of the job. Seawall installations Total contract price including purchased rocks and other supplies. Contract price includes labor. Rocks are purchased only as needed for a job and then they are delivered directly to the job site and are charged directly to the cost of the job using account 204 (and a credit to accounts payable, account 601). Payment from customers is due 30 days after completion of the job. Sport Equipment Sales Retail sales of sports equipment including beach toys, water skis, wake boards, paddleboats and snow boards. Payment is due at the time of purchase using cash or a credit card. A perpetual inventory is not maintained for these items. A periodic inventory method is used, and the cost of goods sold is determined only at year-end. Sport Equipment The same equipment sold under #105 is rented on Rentals a daily, weekly or seasonal basis. Often, equipment is rented at first and then sold to the same customer. Rental fees are applied to the purchase price. Returned equipment that is not retained by the customer, is held for sale at a reduced price at the end of the season. All equipment is sold by the end of the season All rentals are on a cash (or credit card) basis. Deposits are also required on rentals. Damage is paid from deposits and the balance of the deposits is returned to the customer. Deposits are recorded in account number 600. 105 106 107 Permitting fees State permits are required for some large docks and all sea walls. Ozark obtains the permits for a service fee based on an hourly charge. The permit charge by the state is paid by Ozark and billed directly to the customer. Only the service fees charged by Ozark are recorded as revenue and are added to the amount charged to the customer Cost of Sales Accounts Acct No. Account 201 Cost of sales - Piers and lifts 203 Dock parts costs 204 Seawall costs 205 Sport equipment cost of goods sold Description Actual cost of units sold. Cost posted from perpetual inventory (501) at time of sale (recorded in 101). A unit marked down at year-end is viewed as having a new "cost." Lumber is posted to the specific cost of the job as purchased. It does not go to Ozark store and is not inventoried. Metal parts are posted from perpetual inventory (account 503) at time of issue to the job. All purchased rocks and other supplies are charged to specific jobs using this account. The rocks yo directly to the job site and are not inventoried at the Ozark store Cost of sales using periodic LIFO method at year end. This means that no cost of goods sold is maintained during the year, it is only computed at year-end as part of the adjusting entries. Recorded as purchases. Closed to cost of goods sold only at year-end, as part of the adjusting entries, under the periodic LIFO inventory method. Some sports equipment purchases are under terms of 2/10, net 30. Purchase discounts taken are recorded when payment is made and are offset against purchases in determining the cost of goods sold at year-end. In textbooks, this is called the "gross" method of recording purchases. 206 Sports equipment purchases 210 Purchase discounts taken Expense Accounts Acct No. Account 311 Salaries 312 Labor Description Salary of president and secretary paid every two weeks Pay of labor workers paid on hourly basis each two weeks. Includes payment to part time workers. No attempt is made to relate labor cost to specific installations Employer's share of FICA and Medicare Gas, electric, telephone and internet Property, workman's compensation and liability insurance Repairs to property, equipment, barge and trucks Fuel for barge and trucks 313 314 315 Payroll taxes Utilities expense Insurance expense 316 317 Maintenance Fuel expense 3