Transaction

1. Jan 1 issued $10,000 in stock to owners in exchange for cash to start the business
2. Jan 5 borrowed $50,000 from the bank by signing a notes payable
3. Jan 10 purchase equipment by paying cash for $25,000
4. Jan 15 paid January rent of $2,400 for the office space
5. Jan 18 performed services for customers and received cash for $8,000
6. Jan 20 purchased 2,000 in supplies on account

PREPARE LADGER ACCOUNT