Note: Place debits first, credits second but do NOT indent credits. If more than one debit or credit, please list in alphabetical order to receive full credit. 16 Round to the penny unless otherwise noted. L7 18 19 20 21 22 | | | 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 1-Nov The owner invested $200000 into the company in exchange for 5,000 shares of common stock. 1-Nov The company purchased a computer system for $50000 and signed a one-year note for the entire balance. The note is due on November 1, 2025 and has an annual rate of interest of 3%. 2-Nov Paid for two years rent on the office space, $4000. 3-Nov Purchased 10 robots at a total cost of $1500 each for cash, FOB Destination. 4-Nov Purchased $750 of supplies on account, term n/30. 15-Nov Purchased 12 robots at a total cost of $1650 each on account, terms n/30, FOB Destination. Shipping of $150 was paid to the shipping company by the appropriate party. 17-Nov Paid for the supplies purchased on November 4. 18-Nov Paid for a two-year insurance policy for the store, $6000. The policy was effective beginning December 1, 2024. 20-Nov Sold 15 robots for $5000 each on account, terms 3/15, n/30, the company uses FIFO to find the cost of goods sold. The robots were shipped FOB Shipping Point. Record the sales revenue first. 28-Nov Received payment in full on account from the November 20 sale. 29-Nov Paid for November's utilities bill $2000. Prepared payroll for the month of November, the first payroll for the company. Record the Salares Expense entry first. The tax rates are as 30-Nov follows: Federal Income Tax Rate - 15%. NC State Income Tax Rate - 10%. FICA Tax Rate - 7.65%. Unemployment Tax Rate - 6% on the first $7000 of each employees earnings per year. 1-Dec Paid the employees the amount due to them from the November 30 payroll, taxes will be paid in January. 1-Dec The company borrowed $55000 from Bank of America by signing a 15-year, 6% note. The note requires annual payments of $5663 beginning December 1, 2025. 1-Dec Purchased a new delivery truck to save customers on shipping. The total cost of the Delivery Truck was $50000. 4-Dec Paid the amount due from the November 15 purchase. 5-Dec Declared and paid $2000 in cash dividends to the stockholders of the company. 6-Dec Purchased $900 of supplies on account, term n/30. 7-Dec Purchased 20 robots at a cost of $1815 each on account, terms n/30, FOB Destination. 15-Dec Sold 22 robots for $5500 each on account, terms 2/10, n/30, FOB Shipping Point, the company uses FIFO to find the cost of goods sold. Record the sales revenue first. 18-Dec Paid for an ad in the local newspaper, $1500. 24-Dec Received $44000 payment for 8 robots to be shipped on January 8, 2025. 31-Dec Prepared payroll for the month of December, the first payroll for the company. Record the Salaries Expense entry first. The tax rates are as follows:

Note: Place debits first, credits second but do NOT indent credits, If more than one debit or credit, please list in alphabetical order to receive full credit. Round to the penny unless otherwise noted. te: Place debits first, credits second but do NOT indent credits. If more than one debit or credit, please list in alphabetical order to receive full credit. und to the penny unless otherwise noted. 1-Nov The owner invested $200000 into the company in exchange for 5,000 shares of common stock. 1-Nov The company purchased a computer system for $50000 and signed a one-year note for the entire balance. The note is due on November 1 , 2025 and has an annual rate of interest of 3%. 2-Nov Paid for two years rent on the office space, $4000. 3-Nov Purchased 10 robots at a total cost of $1500 each for cash, FOB Destination. 4-Now Purchased $750 of supplies on account, term n/30. 15-Nov Purchased 12 robots at a total cost of $1650 each on account, terms n/30, FOB Destination. Shipping of $150 was paid to the shipping company by the appropriate party. 17-Nov Paid for the supplies purchased on November 4. 18-Nov Paid for a two-year insurance policy for the store, $6000. The policy was effective beginning December 1 , 2024. 20 -Nov Sold 15 robots for $5000 each on account, terms 3/15,n/30, the company uses FIFO to find the cost of goods sold. The robots were shipped FOB Shipping Point. Record the sales revenue first. 28-Nov Received payment in full on account from the November 20 sale. 29-Nov Paid for November's utilities bill $2000. Prepared payroll for the month of November, the first payroll for the company. Record the Salares Expense entry first. The tax rates are as 30-Nov follows: Federal Income Tax Rate - 15% NC State Income Tax Rate 10%. FICA Tax Rate 7.65% Unemployment Tax Rate 6% on the first $7000 of each employees earnings per year. 1-Dec Paid the employees the amount due to them from the November 30 payroll, taxes will be paid in January. 1-Dec The company borrowed $55000 from Bank of America by signing a 15 -year, 6% note. The note requires annual payments of $5663 beginning 1-Dec December 1,2025. 1-Dec Purchased a new delivery truck to save customers on shipping. The total cost of the Delivery Truck was $50000. 4-Dec Paid the amount due from the November 15 purchase. 5-Dec Declared and paid $2000 in cash dividends to the stockholders of the company. 6-Dec Purchased $900 of supplies on account, term n/30. 7-Dec Purchased 20 robots at a cost of $1815 each on account, terms n/30, FOB Destination. 15-Dec Sold 22 robots for $5500 each on account, terms 2/10,n/30, FOB Shipping Point, the company uses FIFO to find the cost of goods sold. Record the sales revenue first. 18-Dec Paid for an ad in the local newspaper, $1500. 24-Dec Received $44000 payment for 8 robots to be shipped on January 8,2025. 31-Dec Prepared payroll for the month of December, the first payroll for the company. Record the Salaries Expense entry first. The tax rates are as follows: Federal income Tax Rate - 15%. NC State income Tax Rate 10%. FICA Tax Rate 7.65%