Trans action (2) (3) (4) (5) (6) (7) (8) (9) (10) Date Dec 1 Dec 1 Dec 1 Dec 1 Dec 6 Dec 12 Dec 17 Dec 23 Dec 28 Dec 30 Description Sell shares of common stock for $1,500,000 to obtain funds necessary to start the business Borrow $800,000 from the local bank and sign a note promising to repay the full amount of the debt in three years. Purchase equipment necessary for customizing robots, $360,000. Pay one year of rent in advance for retail and warehouse space, $216,000 ($18,000 per month) Purchase supplies on account, $12,000. Purchase 8 robotics units as inventory, $520,000 ($65,000 per unit) Sell 6 robots for cash, $95,000 each and on account payable $300,000. Sell 1 robot on account 70,000 per unit Receive cash in advance from customers for customization services to be performed in the future, $80,000 Pay employee salaries of $24,000 for the month of December including 3500 bonus Pay cash dividends of $16,000 to shareholders