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Required information The rowing is to be used Assun Don corporated wited on May to come with Des como company motivation poster ce products. Down concerned the following everung istme sont coved $60.000 homestors who dried Down, med 570.000 de euros On costing 10.000 Phone 8.000 y 32.000 in and one of the Received the ordered to present 1. Sumarte a mancialects on a tabletter any decreases te eum tances with a minuts Com - Required information The following information applies to the questions displayed below! 3 153 Assume Down Incorporated, was organized on May 1 to compete with Despaic, incorporated-a company that sells de motivational posters and office products. Down, Incorporated, encountered the following events during its fiest month of operations. a. Received $60,000 cash from the investors who organized Down, Incorporated b. Borrowed $20,000 cash and signed a note due in two years. c. Ordered equipment costing $16,000. d. Purchased $9,000 in equipment, paying $2,000 in cash and signing a six-month note for the balance e. Received the equipment ordered in (d. paid for half of it, and put the rest on account. Required: 1. Summarize the financial effects of items (a)-(e) in a table. (Enter any decreases to account balances with a minus sign.) Assets Labdities Short-term Notes Payable 0 Stockholders Equity Common Stock Cash Accounts Payable Equipment Long-term Notes Payable O O 0 Beginning 0 60,000 + b d e Ending 60.000 Next > 22 23 24 of 26 !!!