Transaction 1 - Alpha new corporation started business with 100,000 cash and 50,000 in bank. Transaction 2 -- The Corporation acquires equipment. The purchase price is $100,000. The corporation pays $25,000 cash and remaining will be paid later. Transaction 3 -- Services are performed and clients are billed for $40,000. Transaction 4 -- Salaries of $10,000 are paid. Transaction 5 Cash, in the amount of $20,000, is collected from clients who were previously billed. (Related to Transaction 3) Transaction 6 -- $1,000 of supplies are purchased on account. Transaction 7 An Employee is hired at salary of 1000 per month. Transaction 8 -- $1,000 is paid for the supplies purchased in Transaction 6. Transaction 9 --- Received electricity bill of $2,470 Transaction 10 A customer has promised the contract to buy products of 10,000.