1. Be able to determine the effects of the following transactions on the balance sheet:
   1. Company receives a loan
      1. effects on current assets/cash
      2. effects on current and non-current liabilities of principal and interest
   2. Company sells products to buyer on credit
      1. effects on current assets/accounts receivable
      2. effects on current assets/inventory
   3. Upon incorporation, investors capitalize the company by buying shares
      1. effects on shareholder equity
      2. effects on current assets/cash