The following are independent situations A company orders and receives 14 personal computers for office use for which it signs a note promising to pay $30,100 within three months b. A company purchases for $34.000 cash a new delivery truck that has a list ("sticker") price of $36,500 c. A women's clothing retaller orders 22 new display stands for $290 each for future delivery d. A new company is formed and issues 2,000 shares for $28 per shore to investors e A company purchases a piece of land for $49,000 cash. An appraiser for the buyer valued the land at $52,400. 1. The owner of a local company buys a $7.200 car for personal use. Answer from the company's point of view. 9. A company borrows $2.000 from a local bank and signs a six-month note for the loan. h. A company pays $1,380 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 receives. Given Received D c d 2-0. At what amount would you record the delivery truck in b? Amount 2.b. At what amount would you record the plece of land in e Amount 2-c. What measurement principle are you applying? These are applications of the cost principles These are applications of the market price principle 2.c. What measurement principle are you applying? These are applications of the cost principle These are applications of the market price principle 3-0. What reasoning did you apply inc? The agreement in clrwolves exchange of cash and goods and thus it is a transaction The agreement in c. involves no exchange or receipt of cash, goods or services and thus is not a transaction 3-b. For , what accounting concept did you apply? Because transaction occurs between the company and others, the separate entity assumption implies this transaction does affect the business Because transaction f occurs between the owner and others, the separate entity assumption implies this transaction does not affect the business