E2-2 (Algo) Identifying Account Titles [LO 2-1, LO 2-2, LO 2-5] The following are independent situations. A company orders and receives 10 personal computers for office use for which it signs a note promising to pay $20,000 within three months. A company purchases for $36,000 cash a new delivery truck that has a list (sticker) price of $39,000. A womens clothing retailer orders 30 new display stands for $450 each for future delivery. A new company is formed and issues 100 shares of stock for $10 per share to investors. A company purchases a piece of land for $44,000 cash. An appraiser for the buyer valued the land at $50,300. The owner of a local company uses