Summarized here are the transactions/events that took place during the fiscal year ended September 30, 2014.

1.	Credit sales for the year amounted to $720,000. The cost of goods sold was $468,000.
2.	Collected accounts receivable, $756,000.
3.	Purchased inventory on account, $504,000.
4.	Issued 500 shares of common stock for $54 per share.
5.	Wrote off $21,000 of uncollectible accounts using the allowance for bad debts.
6.	Declared and paid a cash dividend, $60,000.
7.	Sold marketable securities costing $78,000 for $93,000 in cash.
8.	Recorded insurance expense for the year, $36,000. The premium for the policy was paid in June 2013.
9.	Borrowed cash on a short-term bank loan, $30,000.
10.	Repaid principal of $120,000 and interest of $9,000 on a long-term bank loan

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