| Dec 2 |
Borrowed $55,000 from First Bank after signing a 10 year, 5% promissory note. Payments are due on the last day of the month. |
| Dec 4 |
Journalized the issuance of $45,000 of $1 par value common stock at par. |
| Dec 7 |
Signed lease and paid the landlord $1,300 rent for the first month. |
| Dec 8 |
Purchased $13,000 of office furniture on account. |
| Dec 9 |
Created marketing materials, including a logo. |
| Dec 12 |
Purchased a one year insurance policy for $2,100. |
| Dec 15 |
Purchased $1,600 of cleaning supplies on account. |
| Dec 17 |
Hired 5 employees, who will be paid $12 per hour. |
| Dec 18 |
Paid $340 to have marketing materials printed. |
| Dec 22 |
Three employees were sent to distribute marketing materials along Pier 8. |
| Dec 23 |
Detailed 8 sailboats competing in the Maxi Yacht Rolex Cup this March. The bookkeeper sent an invoice for $10,000. |
| Dec 25 |
Received $3,500 in deposits to clean two 63 foot yachts. |
| Dec 26 |
Sent two employees to clean Serendipity, a 56 foot sloop. They spent 3 hours on the job. |
| Dec 29 |
Paid $72 to employees who cleaned Serendipity and $108 to employees who distributed marketing materials. (Ignore payroll taxes for this problem). |
| Dec 30 |
Sent a $1,900 invoice to Serendipity's Captain Samantha, less the $700 deposit. |
| Dec 31 |
Paid First Bank $583 representing $229 in interest plus $354 toward the principal. |