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a . Received $ 4 8 , 0 0 0 cash from the investors who organized Looking Up Corporation b . Borrowed $ 1 5

a. Received $48,000 cash from the investors who organized Looking Up Corporation
b. Borrowed $15,000 cash and signed a note due in two years.
c. Ordered equipment costing $16,000.
d. Purchased $6,000 in equipment, paying $4,000 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.
\table[[$48,000,],[$15,000,],[$16,000,],[$6,000,$4,000
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