1. Max Alderman practices law under the business title Max Alderman, Attorney at Law, Inc. During April 2014, his law practice engaged in the following transactions:

April	1		Sold $60,000 of common stock to Alderman to start the business.
April	3		Paid $500 for the purchase of office supplies.
April	8		Paid $10,000 cash to purchase land for an office site.
April	12		Purchased office equipment on account, $2,800.
April	17		Borrowed $10,000 from the bank. Alderman signed a note payable to the bank in the name of the business.
April	26		Paid $2,600 on account.
April	30		Revenues earned during the month included $20,000 cash and $17,000 on account.
April	30		Paid