Which of the following events listed below results in an accounting transaction for Clothing Ltd?

State a reason if it is not an accounting transaction.

1.

2.

3.

4.

5.

6.

7.

8.

Clothing Ltd signed a contract to hire a new store manager for a salary of $150,000 per annum.

The manager will start work next month.

The founder of Clothing Ltd., who is also a major shareholder, purchased additional stock in

another company.

Clothing Ltd borrowed $230,000 from a local bank.

Clothing Ltd purchased a sewing machine, which it paid for by signing a note payable.

Clothing Ltd issued 10,000 shares to a private investor, who is also a car business owner, in

return for a new delivery truck.

Two investors in Clothing Ltd sold their stock to another investor.

Clothing Ltd ordered some fabric to be delivered next week.

Clothing Ltd lent $250,000 to a member of the board of directors.