I. Presented below is a list of select transactions of Seavey Co (fiscal year end...
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I. Presented below is a list of select transactions of Seavey Co (fiscal year end is 12/31 ). 1) 1/1/2023 Issued $20,000,5% promissory note for cash. The note pays interest semi-annually on 7/2 and 1/2. 2) 3/3/23 Sold $700 in gift cards redeemable for future purchases. 3) 4/1/23 Sold $150 in meal kits to customers in the store (10 kits at $15 per kit). Sales tax on purchases is 6%, and is not included in sales price per kit. 4) 7/2/23 Paid interest accrued on a note payable (refer to #1 ) 5) 9/15/23 Received $900 customer payment for a 6 -month meal kit delivery subscription. Deliveries are to occur monthly during the following 6 months, beginning on October 1 . (Revenue for meal kit deliveries is recorded at the end of the year). 6) 12/31/23 Recorded $5,000 in employee salaries to be paid on January 2,2020 . 7) 12/31/23 Recorded accrued interest on the note form item 1 above. 8) 12/31/23 Recorded revenue for all 2023 food deliveries from item \#5 above. 9) 12/31/23 Recorded $270 in gift cards redeemed during the year. a) Record all transactions in the table below. a) Rscord all transactions in the table below
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