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 $20,000 within three months.
b.	A company purchases for $25,000 cash a new delivery truck that has a list (sticker) price of $28,000.
c.	A womens clothing retailer orders 30 new display stands for $340 each for future delivery.
d.	A new company is formed and issues 100 shares of stock for $14 per share to investors.
e.	A company purchases a piece of land for $54,000 cash. An appraiser for the buyer valued the land at $57,300.
f.	The owner of a local company uses a personal check to buy a $12,000 car for personal use. Answer from the companys point of view.
g.	A company borrows $4,000 from a local bank and signs a six-month note for the loan.
h.	A company pays $1,900 owed on its ten-year 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 receives.

2. At what amount would you record the delivery truck in (b)?
3. At what amount would you record the piece of land in (e)?