*Yoga mats will be available to all Yoga3 clients to use while they practice yoga free of charge; they are not for resale.

DATE EVENT JOURNAL ENTRY 2/8/Y1 Sharon asks her friends to invest in Yoga?. Her fundraising goal is $10,000. Yoga issues 1,000 shares of $1 par value common stock for $3,000. 2/15/Y1 Having fallen short of its fundraising goal, Yoga borrows the remaining balance from the bank. The principal is due in 10 years, and there is no interest. 3/6/Y1 Yoga rents a studio! The lease will begin on 1/1/Y2. Yoga is required to pay the first three month's rent today to secure the space. Rent is $2,250 a month. 3/21/41 Yoga? places an order for yoga mats from Yoga is Awesome! Yoga will be charged when the goods are delivered. The order is for 50 mats at $35 per mat.* Background: Sharon decides to open her own Yoga studio! Yoga, Yoga, Yoga! or Yoga' is incorporated this year (Y1) and will be open for business next year (Y2)