Received investment of cash by organizers and distributed to them 1010 shares of 1 par value common stock with a market price of 20 per share Purchased 8300 of equipment paying 1700 in cash and owing the rest on accounts payable to the manufacturer Borrowed 11000 cash from a bank Loaned 1300 to an employee who signed a note Purchased 22654 of land paid 6000 in cash and signed a mortgage note for the balance