M Date: 1 Borrowed $14,000 from the bank. 3 Issued 2,500 common shares for $25,000. 5 Purchased inventory on account totalling $27.700. 9 Bought computer equipment costing $9,000 for $4,500 cash and the balance on account. 15 19 25 27 27 28 (a) Made sales totalling $28,000, of which $10,100 were on account. (b) The cost of the products sold from inventory was $15,700. Made payments on accounts owing to suppliers totalling $16,800. Collected on accounts from customers totalling $8,700. (a) Made sales totalling $11,800, all on account. (b) The cost of the products sold from inventory was $8,500. Employees earned wages of $2,700 during the month, of which $2,500 was paid. 28 Incurred $900 of utilities expenses during the month. Assets Accounts Date Cash Receivable Inventory Equipment (a) (b) 13C Cloudy