Date: Sept. 1 4 7 9 15 19 20 21 28 28 29 30 30 Issued 250 common shares for $25,000. To raise additional capital, Carswell borrowed $11,600 from the bank on a long-term loan. Purchased equipment for $5,200. Purchased inventory costing $2,900 on account. Sold units from inventory to customers, on account, for $4,600. Purchased additional inventory, on credit, at a cost of $2,400 to replace the units sold. Made payments of $3,100 on its accounts payable. Purchased a used delivery van for $17,400. At month end, counted inventory and determined that the cost of the units sold on September 15 totalled $2,100. Paid employee wages of $800 for the month. Received an invoice from the local newspaper for $500 for advertising run during the month of September. The invoice is due on October 15. Paid utilities costs of $170 for the month. During the month, Carswell received $2,550 from customers as payments on their accounts.