Accounting Transactions records Amount 1. A company pays $9,100 cash to purchase equipment at a bankruptcy sale. The equipment's fair value is $12,800. 2. A Canadian company purchases equipment from a company in the United States and pays US $4,300 cash. It cost the company $5,400 Canadian to purchase the U.S. dollars from its ba 3. A company provides $5,000 of services to a customer on account. 4. A company hires a new chief executive officer, who will bring significant economic benefit to the company. The company agrees to pay the new executive officer $589,000 per year: 5. A company signs a contract to provide $11,800 of services to a customer. The customer pays the company $3,600 cash at the time the contract is signed. The performance obligation required by the company has not been completed