Traction 11/1/2018 Sell 15,000 of PC's stock (1) for $10 per sh 1/1/2018 Correct Common Stock Note: You can leave the notes empty 1/3/2018 De Notes Correct Correct se bank, Interest on this 10-year loan is 5% per a Choose Account Choose Account Transaction 3: 1/5/2018 Pay $1.5 million for land (1 million) and building (0.5 million). Set up a 20-yea The estimated residual value of the building in 0.1 million 1/5/2018 Dr. Choose Account Choose Account Choose Account Notes: Traction 4.1/6/2018 Purchase 1-year liability iance for $2,100, effective from 1/1/2018 1/6/2018 De Notes: Choose Account Choose Account Tramation 5.1/7/2018 Pinchase $250,000 worth of entry. Pay down now 1/7/2018 Dr. Notes Choose Account Transaction 6: 1/12/2018 Pay the remaining $125,000 due in 15 1/12/2018 Notes Dr. Cr: Choose Account Choose Account Choose Account Choose Account Transaction 7, 101/2018. Total cash sales during the month is $150,000