$6$

motivational posters and office products. Down, Incorporated, encountered the following events during its first month operations.

a$.$ Received $$34,000$ cash from the investors who organized Down, Incorporated

b$.$ Borrowed $$19,000$ cash and signed a note due in two years.

c$.$ Ordered equipment costing $$16,000.$

d$.$ Purchased $$10,000$ in equipment, paying $$2,000$ in cash and signing a six$-$month note for the balance.

e$.$ Received the equipment ordered in $($c$),$ paid for half of it$,$ and put the rest on account.

Required:

Summarize the financial effects of items $($a$)-($e$)$ in a table. $($Enter any decreases to account balances with a minus sig