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.

Borrowed $30,000 cash from a bank, signing a note due in three years.

Received investment of cash by organizers and distributed to them 500 shares of $0.10 par value common stock with a market price of $30 per share.

Purchased a warehouse for $115,000, paying $23,000 in cash and signing a note payable for the balance on a 10-year mortgage.

Purchased computer and office equipment for $20,000, paying $4,000 in cash and owing the rest on accounts payable to the manufacturers.

Loaned $1,000 to an employee who signed a note due in three months.

Paid $2,000 to the manufacturers in (d) above.

Purchased short-term investments for $10,000 cash