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Old MathJax webview The following are independent situations. a. A company orders and receives 14 personal computers for office use for which it signs a

Old MathJax webview

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The following are independent situations. a. A company orders and receives 14 personal computers for office use for which it signs a note promising to pay $30,100 within three months b. A company purchases for $34,000 cash a new delivery truck that has a list ("sticker") price of $36,500 c. A women's clothing retailer orders 22 new display stands for $290 each for future delivery d. A new company is formed and issues 2,000 shares for $28 per share to investors. e. A company purchases a piece of land for $49,000 cash. An appraiser for the buyer valued the land at $52,400. f. The owner of a local company buys a $7,200 car for personal use. Answer from the company's point of view g. A company borrows $2,000 from a local bank and signs a six-month note for the loan h. A company pays $1,380 owed on its note payable. (ignore interest)

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