TRANSACTIONS: Company was set up Jan 2. The owner contributed cash 20,000. Equipment 48,000. 1. Bought furniture worth 6,000 on account 2. Bought xerox machine 20,000. Terms 50% down, balance on account 3. Hired helper on commission basis at 10% of sales 4. Withdraw 1,500 for personal use 5. Bought supplies 3,000 6. Account in 1 is due. Owner paid in personal cash 7. Account in 7 is due. Owner issued 60-day promissory