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bass boats for sale
I need help journalizing this entry for accounting please!!?
During the past two years the following selected transactions occurred for Bass Boats Inc.:
Year 1
5-Jan Purchased equipment for $100,000, signing a 9 month, 6% note Payable.
26-Jan Recorded the week's sales of $75,000, 70% on account and 30% cash. All sales are subject to a 6 1/2% sales tax.
7-Feb Remitted last week's sales tax to the appropriate government agency.
1-May Borrowed $150,000 on a 6 year, 8% note payable calling for annual interest payments beginning next May 1.
5-Oct Paid off the January 5 note payable.
30-Nov Purchased inventory at a cost of $7,200, signing a 3-month, 8% note payable for that amount.
31-Dec Accrued warranty expense is estimated at 3% of total sales of $1,000,000.
31-Dec Record accrued interest on all outstanding notes payable (make a separate journal entry for each).
Year 2
28-Feb Paid off the 8% inventory note plus interest at maturity
1-May Paid the interest for one year on the long-term note payable
Year 1
Jan 5
Debit Equipment 100,000
Credit Short-term Notes Payable 100,000
Jan 26
Debit Cash 23,962.50 (22,500 x 1.065)
Debit Accounts Receivable 55,912.50 (52,500 x 1.065)
Credit Sales 75,000
Credit Sales Tax Payable 4,875.00 (75,000 x .065)
Feb 7
Debit Sales Tax Payable 4,875.00
Credit Cash 4,875.00
May 1
Debit Cash 150,000
Credit Long-term Notes Payable 150,000
Oct 5
Debit Interest Expense 9,000 (100,000 x 9%)
Debit Short-term Notes Payable 100,000
Credit Cash 109,000
Nov 30
Debit Purchases 7,200
Credit Short-term Notes Payable 7,200
Dec 31
Debit Warranty Expense 30,000 (1,000,000 x 3%)
Credit Estimated Warranty Liability 30,000
Dec 31 Long-term Note
Debit Interest Expense 8,000 (150,000 x 8% x 8/12)
Credit Interest Payable 8,000
Dec 31 Inventory Note
Debit Interest Expense 48 (7,200 x 8% x 1/12)
Credit Interest Payable 48
Year 2
Feb 28
Debit Interest Payable 48
Debit Interest Expense 96 (7,200 x 8% x 2/12)
Debit Short-term Notes Payable 7,200
Credit Cash 7,344
May 1
Debit Interest Payable 8,000
Debit Interest Expense 4,000 (150,000 x 8% x 4/12)
Credit Cash 12,000
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| Drain Valve for Transom Boats $12 Replacement drain valve for your 12.6sr or 14sr Sport Runabout. |
| AB285 $39 Oar Set for Frameless Fishing Boats |
| AL Seat Cushion $9 Foam padded cushion for aluminum bench seat for transom boats. |
| Davit Kit $459 Designed and patented by Weaver Industries, the RBD 100 is the world standard for inflatable boats. Davit kit includes all hardware to mount davits on the swim platform of your boat. Glue for Sea Eagle boats included. Call if you are using this kit on other boats. |
| Floorboard Bag $49 This bag is made of 440 denier Nylon and features a pouch for stringers and other parts. Keeps your floorboards neat and compact. Fits floorboards for all Sport Runabout Boats and the SE8 and SE9 Motormount Boats. |
| 124smb Start Up Inflatable Boat Package $499 The largest of Sea Eagle's motormount boats, this roomy and durable inflatable fishing platform is just a fraction of the cost of other fishing boats. The 124smb is even portable enough to pack in a car trunk. |
| 124smb Fisherman's Dream Inflatable Boat Package $699 The largest of Sea Eagle's motormount boats, this roomy and durable inflatable fishing platform is just a fraction of the cost of other fishing boats. The 124smb is even portable enough to pack in a car trunk. |
| Swivel Seat $68 This comfortable Swivel Seat can be used on many of our Sea Eagle boats. For use on Motormount boats, Sport boats, and the FoldCats the seat can be mounted on a 54 qt. cooler which will fit snugly into any of these boats. (Please note, hardware and bench are not included.) This seat can also be attached to our Seat Spider. This seat CANNOT be attached to a single bench seat (WS25, WS2505 or SPW). |
| Whitevalve $7 Current valve for Sport Kayaks and Motormount Boats. (if your boat is 1998 or earlier, please contact us to verify this is the correct valve) |
| Vyna Bond Glue $19 For larger repairs on our boats we suggest a 12 oz. can of Vyna Bond PVC Glue. |
| Recessed One Way $10 Recessed One Way Valve for Transom Boats, Explorer Kayaks, FastTrack kayaks, FoldCats, and Paddleski. |
| Small Green D-Ring $6 Reinforced fabric and corrosion resistant metal make these D-Rings a permanent addition to your boat. Great for green 385ftg FastTrack, 285fpb and STS10 Frameless Fishing Boats. Not for use on SE330, SE370, SE6, SE8, SE9 and 124smb boats. Includes glue. |
| Medium Green D-Ring $9 Reinforced fabric and corrosion resistant metal make these D-Rings a permanent addition to your boat. Great for green 385ftg FastTrack, 285fpb and STS10 Frameless Fishing Boats. Not for use on SE330, SE370, SE6, SE8, SE9 and 124smb boats. Includes glue. |
| Small Repair Kit $7 Repair kit for Motormount boats and Sport Kayaks. Includes two 4 in. x 3 in. white swatches of material and two tubes of glue. |
| 4 FT. STRAP $9 These straps come in handy to keep your gear in place. They are especially good for keeping the POWERCENTER safely strapped to the boats. 48 inches long. |
| 12.6sr Cover $159 Complete with sewn in shock-cord, these covers fit our boats snugly and keep the rain, snow, and animals off. Completely water and mildew resistant. |
| 14sr Cover $169 Complete with sewn in shock-cord, these covers fit our boats snugly and keep the rain, snow, and animals off. Completely water and mildew resistant. |
| Motormount-FPFB $65 Motormount for Frameless Fishing Boats holds up to a 3hp engine or up to 55 lbs thrust electric motor. 18"x11"x11", 6 lbs. |
| Repair Kit $15 Repair kit for 1000 Denier PVC boats. Includes hull repair material, tube of glue & Halkey-Roberts valve replacement tool. |
| Collapsible Oar Set $59 Designed for our Transom Boats, these oars connect with oarlock pins for fast, comfortable rowing. Collapsible for easy transport. 5 ft. 5 in. long.(pair) |
Jone Wellian Cover Case for Samsung Galaxy Note 3 BacsBoot 124 Action Performance Diecast Castaway Bass nf9Pj Boats For Sale Articles Lacking Sources From May 2008 Phone Case | |
DescriptionIt is easily to carry with light weight and protection from drops and scratches and precisely fits for Samsung Galaxy Note 3. |
Deeper Smart Portable Fish Finder (Depth Finder) for Smartphone or Tablet, suitable for Ice Fishing, Kayak, Boat and Shore Fishing. Compatible with iPhones and Android devices. The World's most versatile wireless sonar. List Price: | |
DescriptionDeeper - Smart Fish finder Deeper is a first of it's kind wireless fish finder that works in conjunction with your Android or iOS device. Information from the floating Deeper is transmitted with wireless Bluetooth technology negating the need for a cabled connection... |
BOSS Audio ATV20 6.5" Powersports Speakers & 1.5" Water Proof Tweeter System List Price: | |
DescriptionView larger Fully Marinized All of the major components of the ATV20 such as the spider, surround, tweeters, etc. have been specially coated to have the protection that they need from corrosion that is present in a humid and salty environment... |
iMaySon Womens Skull Canvas Lace-up Zipper Increat Confortable Sports Shoes | |
DescriptioniMaySon Shoes special design for teenagers. It comes fashionable and fashionable. Wear breathable. |
Guqitianlun Mens Lace Up Mesh Suede Sneakers Boat Shoes | |
DescriptionGuqitianlun the shoes design unique and novel, the material of the sole is rubber sole with breathable, sweat absorbent and foot massage effect. Shoe is a selection of high quality material, comfortable and elegant temperament... |
Lesrance Women's Ladies Peep Toe Hollow Thick Heel Shoe | |
DescriptionFashionable appearance design follows the latest popular element. Peep-toe and mesh upper make the shoes more breathable when wearing. Crystal high-heeled can make your legs look more slender and straightIt... |
Classic Accessories StormPro Heavy Duty Boat Cover, Charcoal List Price: | |
DescriptionIdeal for the rigors of trailer and highway travel. A boatload of great features: Integrated buckle and strap system for easy fitting and trailering... adjustable straps snap into quick-release buckles on the covers; Sizing fits today's wider boats; Adjustable elastic cord sewn into entire bottom hem gives a tight and custom fit; Support pole prevents water from pooling and preserves your cover; StormPro 600D Marine Canvas ... |
Classic Accessories Stellex All Seasons Boat Cover, Blue List Price: | |
DescriptionThe Stellex Trailerable Boat Cover by Classic Accessories provides superior protection regardless of your climate. Whether you're traveling down the highway or storing at home, you can count on fade-resistant UV protection that lasts... |
Guqitianlun Mens Lace Up Mesh Suede Sneakers Boat Shoes(7.5 D(M)US, Silver) List Price: | |
DescriptionGuqitianlun the shoes design unique and novel, the material of the sole is rubber sole with breathable, sweat absorbent and foot massage effect. Shoe is a selection of high quality material, comfortable and elegant temperament... |
Serene Mens Canvas Wiht Leather Lace Up Casual Shoes(9 D(M)US, Brown) List Price: | |
DescriptionSerene is specilized in Sneakers shoes. It devotes to developing new design and meeting customers' need. The shoes are made of high quality material. It usually be packed and sent to you i216 business days after you place the order via USPS... |
Adi Mens Breathable Comfortable Lace-Up Running Shoes,Walk,Beach Aqua,Outdoor,Exercise,Athletic Sneakers EU42 Dark blue List Price: | |
DescriptionAdi brand is using imported sandwich mesh fabric,the bottom is soft TPR (shock proof).Soles can be bent,curled,wear-resistant slip.People can wear it to go skiing,hiking,beach playing playing,dancing,running and so on... |
Budge 150 Denier Boat Cover fits V-Hull Runabouts / Bass Boats B-150-X3 (14' to 16' Long, Silver) List Price: | |
DescriptionKeep your watercraft looking its gleaming best with the Sportsman 150. Tough 150D polyester canvas is waterproof, trailerable and keeps dirt and debris out during moorage or storage. Budge have got you covered here at the Guide, too... |
Kenwood Bluetooth Marine Boat KMR-D362BT CD iPhone iPod Stereo USB Receiver Brand New - Original Packaging - 2015 Model List Price: | |
DescriptionAM/FM radio with station presets CD player for standard audio CDs and also CDRs burned with MP3 or WMA files 200 watts peaker power (50 watts x 4 channels) Removable faceplate Front USB port for connecting iPod, MP3 player or smart phones (recharge and control) Compatible with devices enabled with Pandora, I Heart Radio and other apps Front 3... |
Meguiar's M4965 Marine/RV Fiberglass Restoration System List Price: | |
DescriptionMeguiar's Fiberglass Restoration System uses three specialized steps to effectively restore all fiberglass gelcoats, and is ideal for marine craft and RVs. The Oxidation Remover handles wear from oxidation, stains, and scratches... |
Lesrance Women's Ladies Peep Toe Hollow Thick Heel Shoe Color Black Size 8 List Price: | |
DescriptionFashionable appearance design follows the latest popular element. Peep-toe and mesh upper make the shoes more breathable when wearing. Crystal high-heeled can make your legs look more slender and straightIt... |
iMaySon Womens Skull Canvas Lace-up Zipper Increat Confortable Sports Shoes(5.5 B(M) US, Pink-Flower) List Price: | |
DescriptioniMaySon Shoes special design for teenagers. It comes fashionable and fashionable. Wear breathable. |
Lesrance Women's Ladies Breathable Mesh Increased Within Sport Shoe Color Pink Size 8 List Price: | |
DescriptionThe mesh upper design makes the shoes more breathable and deodorant. Increased within can make your legs more slender and slim. The quality is guaranteed so don't hesitate to place an order. It must be good for value. |
River's Edge "Alcohol, Tobacco, and Firearms Should be a Convenience Store" Embossed Tin Sign, X-Large/12x17-Inch List Price: | |
DescriptionAt River's Edge, we take special pride in providing unique and durable items for every outdoor enthusiast. Our extra-large tin signs are no exception. Each great looking sign is constructed of 30 gauge steel with embossed features, rolled edges, rounded corners and a durable weather resistant finish... |
River's Edge 12 by 17-Inch Horse Parking Only Embossed Tin Sign, Large List Price: | |
DescriptionAt River's Edge, we take special pride in providing unique and durable items for every outdoor enthusiast. Our extra-large tin signs are no exception. Each great looking sign is constructed of 30 gauge steel with embossed features, rolled edges, rounded corners and a durable weather resistant finish... |
River's Edge 12 by 17-Inch Obsessive, Compulsive, Fishing Disorder Embossed Tin Sign, Large List Price: | |
DescriptionAt River's Edge, we take special pride in providing unique and durable items for every outdoor enthusiast. Our extra-large tin signs are no exception. Each great looking sign is constructed of 30 gauge steel with embossed features, rolled edges, rounded corners and a durable weather resistant finish... |
BassBoatCenter.com: How to list your bass boat for sale
{ 4 comments }
haha i dont like fishing but the jokes are good. and sorry engaged no divorce and not married yet
heheheh nice
Where can I find schematics/specs on ranger bass boats? –
heheheh nice
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