Restore the file backup file boston catering ch 7(backup) that you downloaded from the student companion site. Add the following transactions and then print a standard balance sheet as of 7/31/10.

a. on 7/6/10 the company sold 1,000 shares of common stock to a new private investor (broad Investments) for $50,000. Funds were depositied into the company's checking account on the same date on their check 23413.

b. on 7/8/10 the borrowed $25,000 from Bank of America at 8% due in four years. Bank of America's check 823908 deposited directly into the company's checking account on the same date after the company signed the long-term payable.