Questions 22-23 (of 26) PA3-4 Analyzing, Journalizing, and Interpreting Business Activities [LO 3-3, LO 3-5] [The following information applies to the questions displayed below] On September 1, Pat Hopkins established On a Cloud Corporation (OCC) as a provider of cloud computing services. Pat contributed $17000 for 1,700 shares of OCC. On September 8, OCC borrowed $25,500 from a bank, promising to repay the bank in two years. On September 10, OCC wrote a check for $24,500 to acquire computer equipment. On September 15, OCC received $1,400 of supplies purchased on account and, on September 16, paid $1,800 for September rent. Through September 22, OCC billed its customers $10,750 of services, of which OCC collected $6,400 in cash. On September 28, OCC paid $625 for Internet and phone service this month. On September 29, OCC paid wages of $4.200 for the month. Finally, on September 30, OCC submitted its electricity meter reading online and determined that the total charges for the month will be $320. This amount will be paid on October 14 through a preauthorized online payment for References PA3.4 Analyzing, Journalizing, and interpreting Business Activities LO 33 LO 3-5 Section Break