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Placed an order for office supplies costing $2,400. Supplier intends to deliver later in the month. Purchased equipment that cost $29,000; paid $18,000 cash and
Placed an order for office supplies costing $2,400. Supplier intends to deliver later in the month. Purchased equipment that cost $29,000; paid $18,000 cash and signed a promissory note to pay $11,000 in one month. Negotiated and signed a one-year bank loan, and then deposited $6,000 cash in the companys checking account. Hired a new finance manager on the last day of the month. Received an investment of $9,000 cash from the companys owners in exchange for issuing common shares. Supplies [ordered in (a)] were received, along with a bill for $2,400
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