Required information

$[$The following information applies to the questions displayed below.$]$

Assume Down, Incorporated, was organized on May $1$ to compete with Despair, Incorporated$-$a company that sells demotivational posters and office products. Down, Incorporated, encountered the following events during its first month of operations.

a$.$ Received $$34,000$ cash from the investors who organized Down, Incorporated

b$.$ Borrowed $$19,000$ cash and signed a note due in two years.

c$.$ Ordered equipment costing $$16,000.$

d$.$ Purchased $$10,000$ in equipment, paying $$2,000$ in cash and signing a six$-$month note for the balance.

e$.$ Received the equipment ordered in $($c$),$ paid for half of it$,$ and put the rest on account.

Required:

Summarize the financial effects of items $($a$)-($e$)$ in a table. $($Enter any decreases to account balances with a minus sign.$)$

$\backslash$table$[[,$Assets,$\backslash$table$[[\backslash$table$[[=],[=]]]],$Liabilities,$\backslash$table$[[,\backslash$table$[[$Stockholders$\text{'}],[$Equity$],[$Common$],[$Stock$]],,,,,,,],[,$Equipment,,$\backslash$table$[[$Accounts$],[$Payable$]],\backslash$table$[[$Short$-$term$],[$Notes$],[$Payable$]],\backslash$table$[[$Long$-$term$],[$Notes$],[$Payable$]],,],[$Beginning$,0,0,=,0,0,0,+,0],[$a$.,,,=,,,,+,],[$b$.,,,=,,,,+,],[$c$.,,,=,,,,+,],[$d$.,,,=,,,,+,],[$e$.,,,=,,,,+,],[$Ending$,0,0,=,0,0,0,+,]]]]$