More info Points: a. Roberts Researchers, Inc., issues its common stock to Elaine Roberts, who invests $29,000 to open the business. b. The company purchases on account office supplies costing $380. C. Roberts Researchers pays cash of $21,000 to acquire a lot next to the campus. The company intends to use the land as a building site for a business office. d. Roberts Researchers performs research for clients and receives cash of $2,800. e. Roberts Researchers pays $60 on the account payable that it created in transaction b. f. Roberts pays $2,000 of personal funds for a vacation. g. Roberts Researchers pays cash expenses for office rent ($370) and utilities ($100). h. The business sells a small parcel of the land for its cost of $5,000. i. The business declares and pays a cash dividend of $600.