# Dec 16 the company pays victors salary of 1600 dec 31

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Dec. 16 The company pays Victor's salary of \$1.600. Dec. 31 The company pays a dividend of \$4,300 (\$2,150 to Tony and \$2,150 to Suzie). Dec. 31 Using his personal money, Tony purchases a diamond ring for \$4,600. Tony surprises Suzie by proposing that they get married. Suzie accepts and they get married! The following information relates to year-end adjusting entries as of December 31, 2021 a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals \$7,020. b. Six months' of the one-year insurance policy purchased on July 1 has expired. C. Four months of the one-year rental agreement purchased on September 1has expired. d. Of the \$1,300 of office supplies purchased on July 4, \$250 remains e. Interest expense on the \$49,000 loan obtained from the city council on August 1 should be recorded. f. Of the \$2,100 of racing supplies purchased on December 12, \$300 remains. g. Suzie calculates that the company owes \$15,000 in income taxes. Requirement General Journal General Ledger Trial Balance Income Statement Statement of Balance Sheet SE Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 Sell \$11,000 of common stock to
Suzie. Note: Enter debits before credits Date General Journal Debit Credit Ju 01, 2021 Record entry Clear entry View general journal

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• Fall '19
• Bicycle, Kayak, Tony, Mountain Biking

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