St. Thomas Yacht Services, Inc. had the following transactions during its first month of operations: Dec 2 Borrowed $55,000 from First Bank after signing a 10 year, 6% promissory note. Payments are due on the last day of the month. Dec 4 Journalized the issuance of $50,000 of $1 par value common stock at par. Dec 7 Signed lease and paid the landlord $1,000 rent for the first month. Dec 8 Purchased $16,000 of office furniture on account. Dec 9 Created marketing materials,