a. The business received cash of $56,000 and a building with a fair value of $99,000. The corporation issued common stock to the stockholders. b. Borrowed $65,000 from the bank; signed a note payable. c. Paid $45,000 for music equipment. d. Purchased supplies on account, $320. e. Paid employees' salaries, $5,800. f. g. h. i. j. k. Received $3,500 for music services performed for customers. Performed services for customers on account, $13,000. Paid $100 of the account payable created in transaction d. Received a(n) $450 bill for utilities expense that will be paid in the near future. Received cash on account, $1,800. Paid the following cash expenses: (1) rent, $1,500; (2) advertising, $200.