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Received $81,000 cash from the investors who organized Downer.com Corporation. Borrowed $29,500 cash and signed a note due in two years. Ordered computer equipment costing

Received $81,000 cash from the investors who organized Downer.com Corporation. Borrowed $29,500 cash and signed a note due in two years. Ordered computer equipment costing $20,000. Purchased $12,500 in equipment, paying $3,900 in cash and signing a six-month note for the balance. Received the equipment ordered in (c), paid for half of it, and put the rest on account

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