Question: Based on what you learned in the text using the Wild Water Sports company, you are to make the following changes to the Case 1

 Based on what you learned in the text using the Wild

Based on what you learned in the text using the Wild Water Sports company, you are to make the following changes to the Case 1 company you modified in Chapter 5 : Create a new fixed asset account with an account type: Fixed Asset, detail type: Machinery \& Equipment, name: Equipment. Track depreciation of this asset. Create a new asset account with an account type: Other Assets, detail type: Other Long-Term Assets, name: Investments. Record the purchase of a new computer on 1/10/24 from Office Depot, check: 1003, amount: \$1,375, category: Equipment:Original Cost. Record a long-term investment on 1/11/24 to Etrade (a new vendor), check: 1004 , amount: $4,000, category: Investments. Record the sale of common stock on 1/12/24 to Shareholders (a new vendor), deposit amount: $20,000, account: Common Stock payment method: Check. Record the payment of dividends to Shareholders on 1/15/24, check: 1005 , in the amount of $500. Record the deposit of funds from a new note payable signed on 1/16/24 with Bank

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