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Given information:

Assignment: Spicemup BV in November 2022.
Spicemup BV is a small private corporation. It imports hot sauces from around the g- The par value of Spicemup BVs shares is \( € 40 \) per share.
- Salaries and wages for each month are paid on the \( 10^{\

- The par value of Spicemup BVs shares is \( € 40 \) per share.
- Salaries and wages for each month are paid on the \( 10^{\

Task:

 Below are the twelve transactions that Spicemup BV engages in during the month of November 2022. Provide accurate journal ent???????

Assignment: Spicemup BV in November 2022. Spicemup BV is a small private corporation. It imports hot sauces from around the globe and sells these to consumers and businesses in the Netherlands through its webshop. Spicemup BV was established in January 2016. The corporation currently has two full time employees: Tina Tabasco and Jeanette Adjuma. Spicemup BV has three owners: \( 40 \% \) of its 1,0000 shares are owned by Tina Tabasco, another \( 40 \% \) are owned by Tina's parents, Juan and Marieke Tabasco, and the remaining \( 20 \% \) are owned by a private equity firm called Firepower Investments Inc. Spicemup BV accounts for its results on a monthly basis. It uses a perpetual inventory system based on a FIFO cost flow assumption. Below is the Statement of Financial Position of Spicemup BV per October 31, 2022. Additional information: - Both the refrigerators and the IT system are depreciated using the straight-line method. The refrigerators were purchased on September 1, 2017 and are depreciated in 120 months assuming a residual value of \( € 0 \). The IT system was purchased on August 1 2021 and is depreciated in 36 months, assuming a residual value of \( € 3,000 \). - Prepaid insurance refers to the remaining deferral of a one-year fire insurance for the whole of 2022, purchased in December 2021. - The investments refer to a portfolio of trading shares. The cost of the portfolio was \( € 2,500 \). Spicemup BV records fair value adjustments on a special account "Fair Value Adjustment - Trading" and recognizes the unrealized gain or loss in its monthly income. - Notes payable refers to a \( € 20,000 \) 2-year loan. The note was signed on July 1, 2021 and was used to finance the purchase of the IT system, among other things. It will need to be paid back on July 12023 . The interest rate is \( 3 \% \). Interest is payments are made twice per year, on January 1 and on July 1 . - The par value of Spicemup BV's shares is \( € 40 \) per share. - Salaries and wages for each month are paid on the \( 10^{\text {th }} \) of the next month. - Unearned Revenues refers to paid orders from clients that have not yet been shipped. - The par value of Spicemup BV's shares is \( € 40 \) per share. - Salaries and wages for each month are paid on the \( 10^{\text {th }} \) of the next month. - Unearned Revenues refers to paid orders from clients that have not yet been shipped. Below are the twelve transactions that Spicemup BV engages in during the month of November 2022. Provide accurate journal entries for each transaction. Use the chart of accounts in the Appendix (not all accounts in the chart must be used). \# Date Transaction 1 01/Nov Sold one of the refrigerators for \( € 5,000 \) cash. The original cost of the refrigerator was \( € 9,000 \) and accumulated depreciation for the refrigerator was \( € 4,650 \). 206 /Nov Customer orders for a total of \( € 700 \) that were paid in cash in October were shipped to customers. The cost of the goods sold is \( € 300 \). 3 09/Nov The monthly rent expense of \( € 3,200 \) was paid in cash. \( 10 / \) Nov The salaries for the month of October are paid (total amount \( € 4,000 \) ). 11/Nov Received payment of \( € 1,900 \) from customers to settle accounts receivable. 14/Nov Open invoices from suppliers for a total of \( € 1,500 \) were paid in cash. \( 15 / \) Nov Received an online order for goods with a sales price of \( € 2,000 \) and shipped the goods to the customer. Credit terms are \( 10 / 4, n / 30 \). The cost of the goods sold is \( € 600 \). \( 817 / \) Nov Received notice from the customer who purchased goods for \( € 2,000 \) on November 15 that 20 bottles were broken on arrival. Agreed on an allowance of \( € 150 \). 9 18/Nov Purchased 50 of Spicemup BV's own shares from Tina's parents for a total of \( € 3,000 \) and put them in the Treasury. 10 22/Nov Written off an account receivable of \( € 200 \). \( 1128 / \) Nov Purchased inventory on account for a total of \( € 8,500 \). 1230 /Nov Cash sales to customers for the month amount to \( € 19,000 \). The inventory value of the goods sold is \( € 12,000 \).


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