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Savid Help Save & Exit Submit Check my work The following are independent situations. a. A company orders and receives 10 personal computers for
Savid Help Save & Exit Submit Check my work The following are independent situations. a. A company orders and receives 10 personal computers for office use for which it signs a note promising to pay $12,000 within three months. b. A company purchases for $15,000 cash a new delivery truck that has a list ("sticker) price of $17,000 c. A women's clothing retailer orders 20 new display stands for $100 each for future delivery d. A new company is formed and issues 100 shares for $30 per share to investors. e. A company purchases a piece of land for $30,000 cash. An appraiser for the buyer valued the land at $31,500 The owner of a local company buys a $5,000 car for personal use. Answer from the company's point of view. g. A company borrows $1,050 from a local bank and signs a six-month note for the loan. h. A company pays $1,000 owed on its note payable. (ignore interest.) Required: Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. Consider what the company gives and eceives.
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