a. Received

$10,000

cash from owners and issued stock to them.\ b. Borrowed

$7,000

cash from a bank and signed a note due later this year.\ c. Bought and received

$800

of equipment on account.\ d. Purchased land for

$12,000

; paid

$1,000

in cash and signed a long-term note for

$11,000

.\ e. Purchased

$3,000

of equipment; paid

$1,000

in cash and charged the rest on account.

a. Received $10,000 cash from owners and issued stock to them. b. Borrowed $7,000 cash from a bank and signed a note due later this year. c. Bought and received $800 of equipment on account. d. Purchased land for $12,000; paid $1,000 in cash and signed a long-term note for $11,000. e. Purchased $3,000 of equipment; paid $1,000 in cash and charged the rest on account. a. Received $10,000 cash from owners and issued stock to them. b. Borrowed $7,000 cash from a bank and signed a note due later this year. c. Bought and received $800 of equipment on account. d. Purchased land for $12,000; paid $1,000 in cash and signed a long-term note for $11,000. e. Purchased $3,000 of equipment; paid $1,000 in cash and charged the rest on account