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Transaction a . Mr . Vega deposits $ 6 , 0 0 0 in a bank account in the name of MegaTech, in return for

Transaction
a. Mr. Vega deposits $6,000 in a bank account in the name of MegaTech, in return for shares of common stock in
the corporation.
b. MegaTech borrows $10,000 from First National Bank to finances its operations.
c. MegaTech buys land for $12,000 cash.
d. During the first month of operations, MegaTech earned revenue fees of $5,500, receiving the fees in cash.
e. MegaTech paid expenses during September as follows:
Wages, $1,125;
, Rent, $950;
Utilities, $450;
Interest, $100; and
, Miscellaneous, $275.
f. MegaTech paid $1,500 to stockholders (Dr. Lee Landry) as dividends.
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