The following were the events that took place in October:
On October 1, the owner of the company used $25,000 to purchase common stock from their personal savings.
A total of $8,500 worth baking goods was purchased at the merchant’s on October 1.
On October 3, the company borrowed $10,000 cash in exchange for a 6% note payable over two years. The principal and interest are paid at the maturity.
The contract for the leasing of bakery space was completed on October 7. This contract lasts for one year. Monthly rent starts at $1,500. The final monthly payment, $1,500, is due when the lease is signed. Cash was used to settle the transaction. Lease term is from September 1st to September 30th of next year.
10.10.2007: $375 paid for a county business license.
250.00 USD was spent on an electronic cash register that I did not consider to be depreciable.
Owner has baking equipment. This includes an oven and a mixer. They have used the equipment for their own home-based business and plan to use it at the bakery starting on October 13. In exchange for additional common shares, you transfer the equipment to the company. The equipment currently has a value of $5,000. It has a five-year usable lifespan.
13 Oct: Get $200 off your promotional posters and business cards.
300 dollars were spent on office supplies in October 2014.
For $12 an hour, I hired a part time assistant on October 15. A pay period that runs from one to fifteen days in a month is the first, and the second from sixteenth to last day of the month. The twenty-first pay date for the first month is the 20th, and the five the next month are the two. This day is not for input; it’s only used as an informational basis.
October 30th: Received $75 Telephone Bill for October. Due date for payment is November 10.
For a 1-year policy, you were charged $1200 in October. This policy was in effect from November 1, to October 31,
October 31: Total accrued wages received between October 16th, and October 31, (See table at end of publication under Wage Calculation Data.
Total bakery sales in October reached $15,000, with $5,000 remaining as receivable.
These events took place in November:
The period that ends on October 31 is paid to employees, and they get their paychecks on November 5, 2005.
We received client payments of $3,800 for accounts receivable on November 8.
On November 10, October’s telephone bill was paid.
Additional baking products in the amount $5,000 were bought from the seller November 15.
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