a. Borrowed

$3,600,000

from the bank on December 1 , signing a note payable due in six months.\ b. Purchased a new snowplow for

$94,000

cash on December 31.\ c. Purchased ski equipment inventory for

$41,000

on account to sell in the ski shops.\ d. Incurred

$53,000

in routine repairs expense for the chairlifts; paid cash.\ e. Sold

$379,000

of January through March season passes and received cash.\ f. Sold a pair of skis from inventory in a ski shop to a customer for

$560

on account.\ g. The cost of the skis sold in (

f

) was

$320

.\ h. Sold daily lift passes in December for a total of

$277,000

in cash.\ i. Received a

$3,100

deposit on a townhouse to be rented for five days in January.\ j. Paid half the charges incurred on account in (

c

).\ k. Received

$450

on account from the customer in

(f)

.\ I. Paid

$259,000

in wages to employees for the month of December.

a. Borrowed $3,600,000 from the bank on December 1, signing a note payable due in six months. b. Purchased a new snowplow for $94,000 cash on December 31. c. Purchased ski equipment inventory for $41,000 on account to sell in the ski shops. d. Incurred $53,000 in routine repairs expense for the chairlifts; paid cash. e. Sold $379,000 of January through March season passes and received cash. f. Sold a pair of skis from inventory in a ski shop to a customer for $560 on account. g. The cost of the skis sold in (f) was $320. h. Sold daily lift passes in December for a total of $277,000 in cash. i. Received a $3,100 deposit on a townhouse to be rented for five days in January. j. Paid half the charges incurred on account in (c). k. Received $450 on account from the customer in (^). I. Paid $259,000 in wages to employees for the month of December.