Watt Company was established in January, Year 1. During Year 1the company experienced the following events. . Collected $6,000cash from the issue of common stock. Borrowed $3,400 cash from thestate Watt Company was established in January, Year 1. During Year 1 the company experienced the following events. - Collected \\( \\$ 6,000 \\) cash from the issue of common stock. - Borrowed \\( \\$ 3,400 2 answers