The following transactions of Carswell Wholesale Inc. occurred in the month of September: Type here to searchDate:Sept. $1$ Issued $200$ common shares for $$20,000\mathrm{.}4$ To raise additional capital, Carswell borrowed $$9,400$ from the bank on a long$-$term loan$\mathrm{.}7$ Purchased equipment for $$4,200\mathrm{.}9$ Purchased inventory costing $$2,400$ on account$\mathrm{.}15$ Sold units from inventory to customers, on account, for $$3,800\mathrm{.}19$ Purchased additional inventory, on credit, at a cost of $$2,000$ to replace the units sold$\mathrm{.}20$ Made payments of $$2,500$ on its accounts payable$\mathrm{.}21$ Purchased a used delivery van for $$14,100\mathrm{.}28$ At month end, counted inventory and determined that the cost of the units sold on September $15$ totalled $$1,700\mathrm{.}28$ Paid employee wages of $$700$ for the month.

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