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The following activities occurred during the year: b. Purchased equipment for use in the business at a cost of $34,000: one-fourth was paid in c

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The following activities occurred during the year: b. Purchased equipment for use in the business at a cost of $34,000: one-fourth was paid in c Signed an agreement with a cleaning service to pay $280 per week for cleaning the d. Received an additional contribution from investors who provided $4,600 in cash and land e. Lent $4.100 to one of the investors who signed a note due in six months. shares of common stock with a par value of $0.10 per share cash and the company signed a note for the balance (due in six months). corporate offices next year valued at $31,000 in exchange for 2,600 shares of stock in the company Ted Granger borrowed $8.600 for personal use from a local bank, signing a one-year note! f. Erd Bal End Bal

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