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The company currently manufactures and sells racing bicycles for $2,500 to customers in Huntsville, Texas and its surrounding areas. His business has become so successful that Sammy can no longer build the bicycles out of his garage; thus, he has decided to expand his business. To meet demand, he has hired eight employees including a production supervisor, a salesperson, and an administrative assistant. The company has just signed a one-year lease with a local broker for downtown retail space. The company has one order (Job 14) that was started on December 15, 2020 for 3 racing bicycles that are still in process but will be completed in the next month. Bearkat Bicycles uses a manual accounting system and a chart of accounts has been provided. They've received four new orders for racing bicycles, which Bearkat will assign into four jobs as follows:

Job 15: 6 racing bicycles ordered by Morris Masterpieces, Inc.

Job 16: 9 racing bicycles ordered by the Amazing Aspen Cyclists.

Job 17: 10 racing bicycles ordered by Robinson Roadsters, Inc.

Job 18: 8 racing bicycles ordered by Barker's Bike Emporium.

Reference no: EM133022120

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