apter 3 HW Questions 22-23 (of 26) PA34 Analyzing, Journalizing, and Interpreting Business Activities [L33, LO 35) [The following information applies to the questions displayed below] On September 1, Pat Hopkins established On a Cloud Corporation (OCC) as a provider of cloud computing services. Pat contributed $10,000 for 1,000 shares of OCC. On September 8, OCC borrowed $24,000 from a bank, promising to repay the bank in two years. On September 10, OCC wrote a check for $29,000 to acquire computer equipment. On September 15, OCC received $2,800 of supplies purchased on account and, on September 16, paid $1,450 for September rent. Through September 22, OCC billed its customers for $12,850 of services, of which OCC collected $7.200 in cash. On September 28, OCC paid $460 for Internet and phone service this month. On September 29, OCC paid wages of $5,600 for the month. Finally, on September 30, OCC submitted its electricity meter reading online and determined that the total charges for the month will be $380. This amount will be paid on October 14 through a preauthorized online payment References PA3-4 Analyzing, Journalizing, and Interpreting Business Activities [LO 3-3, LO 3-5) Section Break