• Kelsey Baker founded GolfDeals.com at the beginning of February. GolfDeals.com sells new and used golf equipment online. The following events occurred in February. (a) Borrowed $46,000 cash from a bank, signing a note due in three years. (b) Received investment of cash by organizers and distributed to them 900 shares of $0.10 par value common stock with a market price of $20 per share. (c) Purchased a warehouse for $147,000, paying $39,000 in cash and signing a note payable for the balance on a 10-year mortgage. (d)Purchased computer and office equipment for $36,000, paying $6,500 in cash and owing the rest on accounts payable to the manufacturers. (e)Loaned $1,500 to an employee who signed a note due in three months. (f) Paid $5,000 to the manufacturers in (d) above. (g) Purchased short-term investments for $13,000 cash.