. Business exchanges. Identify the transactions from the following story. For each, identify the give and get portion. Who would be interested in this information? (LO 1, 3)

Latasha Jones decided to go into business for herself. As a talented Web designer, she decided to open a small consulting firm with \(\$ 5,000\) of her own money, for which she received common stock. Latasha borrowed \(\$ 500\) from her best friend to help get the business started, and in exchange she gave her friend an I-owe-you (IOU). The company bought a state-of-the-art desktop computer, complete with the accessories and software needed to get the business off the ground, at a total cost of \(\$ 6,000\). The business required a separate phone line, which cost \(\$ 450\). Then, the company put an advertisement in the local newspaper, at a cost of \(\$ 45\) per month for weekly ads. The company was ready to go. All of the payments were cash.