(1)The firm borrowed $2,000 from the bank; a short-term note was signed. (2)Merchandise inventory costing $750 was purchased; cash of $200 was paid and the balance is due in 30 days. (3)Employee wages of $1,000 were accrued at the end of the month. (4)Merchandise that cost $350 was sold for $450 in cash. (5)This month's rent of $700 was paid. (6)Revenues from services during month totaled $6,500, of this amount, $2,000 was received in cash and the balance is expected to be received within 30 days. (7)During the month, supplies were purchased at a cost of $520, and debited into the supplies (asset) account. A total of $400 of supplies were used during the month. (8)Interest of $240 has been earned on a note received, but has not yet been received