Question: Each part of the comprehensive problem is based on Big Marker (www.bigmarkcr.com). Consider the narrative in Part 1 as necessary in responding to the following

 Each part of the comprehensive problem is based on Big Marker

Each part of the comprehensive problem is based on Big Marker (www.bigmarkcr.com). Consider the narrative in Part 1 as necessary in responding to the following questions on business processes. Consider the following transactions from Big Marker's accounting information system. Accrued one month's interest on an existing note payable. $300. Billed 30 communities for monthly dues of $600. Borrowed $10,000 from First National Bank with a 6-month. 4% note payable. Created a Chief Financial Officer position and established a support team for that function. The CFO's annual salary will be $150,000; each support team member will earn $60,000 annually. Depreciated computer servers, $8,000. Hired a new employee for the Development Team. The new employee's salary will be $45. (XX) annually. Paid six months' rent in advance, $12,000. Purchased new computer servers from Dell. $40,000. Reimbursed employees for business expenses: Supplies. $500. Travel, $ 1,500. j. Took an inventory of supplies on hand, which revealed $450 supplies used

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