# Date Description 1 01-Jan-23 The owner contributes $100,000 into the company in exchange for 100 common shares 2 01-Jan-23 The company signed a 12-month lease. The monthly rent is $5,000, payable on the first day the month. Upon signing the lease, the first and last month rents were paid. 3 01-Jan-23 The company purchases a piece of coffee machine for $30,000 from Coffee Machine Co on credit 4 01-Jan-23 The company purchases furniture and fixture for $5,000 with cash 5 01-Jan-23 The company receives coffee beans from Coffee Beans Co on credit ($30,000 invoice total). 6 11-Jan-23 The company opened a line of credit for $100,000 but did not take the money out. The interest is calculated on the balance withdrawn. The interest rate is 5% per annum. 7 13-Jan-2