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$1.$ Issued $2,600$ shares of $$0\mathrm{.}01$ par value common stock to investors for cash at $$26$ per share. $2.$ Borrowed $$65,000$ from the bank to provide additional funding to begin operations; the note is due in two years. $3.$ Paid $$2,700$ cash for rent of a warehouse: $$1,350$ for the current month$$s rent and another $$1,350$ for next month$$s rent. $4.$ Paid $$1,560$ for a one$-$year fire insurance policy on the warehouse $($recorded as a prepaid expense$).5.$ Purchased furniture and fixtures for the warehouse for $$18,000,$ paying $$3,300$ cash and the rest on account. The amount is due within $30$ days. $6.$ Purchased for $$3,000$ cash Indiana University, University of Washington, Notre Dame, The University of Texas at Austin, The Ohio State University, and Michigan State University baseball caps as inventory to sell online. $7.$ Placed advertisements on Google for a total of $$280$ cash; the ads were run immediately. $8.$ Record the entry for the sale of caps totaling $$2,400,$ half of which was charged on account. The cost of the caps sold was $$1,600.9.$ Record the entry for the cost of the sale of caps, which was sold for $$2,400,$ half of which was charged on account. The cost of the caps sold was $$1,600.10.$ Made full payment for the furniture and fixtures purchased on account in $($e$).11.$ Received $$240$ from a customer on account.

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