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The following are independent situations. a. A company orders and receives 12 personal computers for office use for which it signs a note promising to
The following are independent situations. a. A company orders and receives 12 personal computers for office use for which it signs a note promising to pay $19,200 within three months. b. A company purchases for $23,000 cash a new delivery truck that has a list ("sticker") price of $25,500. CA women's clothing retailer orders 20 new display stands for $180 each for future delivery. d. A new company is formed and issues 900 shares for $17 per share to investors. e. A company purchases a piece of land for $38,000 cash. An appraiser for the buyer valued the land at $40,300. f. The owner of a local company buys a $13,000 car for personal use. Answer from the company's point of view. 9. A company borrows $1,450 from a local bank and signs a six-month note for the loan h. A company pays $1160 owed on its note payable. (ignore interest.) Required: 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. Consider what the company gives and recelves
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