1 Borrowed $10,000 from the bank. 3 Issued 1,800 common shares for $18,000. 5 Purchased inventory on account totalling $19,800. Bought computer equipment costing $6,400 for $3,200 cash and the balance on account. 9 15 (a) Made sales totalling $20,000, of which $7,200 were on account. (b) The cost of the products sold from inventory was $11,200. Made payments on accounts owing to suppliers totalling $12,000. 19 25 Collected on accounts from customers totalling $6,200. 27 228 (a) Made sales totalling $8,400, all on account. (b) The cost of the products sold from inventory was $6,100. Employees earned wages of $1.900 during the month, of which $1,800 was paid. Incurred $600 of utilities expenses during the month.