a. The company purchased equipment for $4,500 cash. The equipment is expected to be used for 10o b. Joel's business bought $7,500 worth of inventory from a publisher. The company will pay the publisher c. Joel's friend Sam lent $4,500 to the business. Sam had Joel write a note promising that Bookmart.com more years within 45-60 days would repay the $4,500 in four months. Because they are good friends, Sam is not going to charge Joel interest d. The company paid $1,750 cash for books purchased on account earlier in the month e. Bookmart.com repaid the $4,500 loan established in (c) Assets Liabilities Stockholders' Equity C. Total