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The following are independent situations.

a$.$ A company orders and receives $10$ personal computers for office use for which it signs a note promising to pay $$20,000$ within three months.

b$.$ A company purchases for $$25,000$ cash a new delivery truck that has a list $("$sticker$")$ price of $$28,000.$

c$.$ A clothing retailer orders $30$ new display stands for $$340$ each for future delivery.

d$.$ A new company is formed and issues $100$ shares of stock for $$14$ per share to investors.

e$.$ A company purchases a piece of land for $$54,000$ cash. An appraiser for the buyer valued the land at $$57,300.$

f$.$ The owner of a local company uses a personal check to buy a $$12,000$ car for personal use. Answer from the company's point of view.

g$.$ A company borrows $$4,000$ from a local bank and signs a six$-$month note for the loan.

h$.$ A company pays $$1,900$ owed on its $10-$year notes payable $($ignore interest$).$

Required:

Indicate titles of the appropriate accounts, if any, affected in each of the preceding events.

$2-$a$.$ At what amount would you record the delivery truck in $($b$)?$

$2-$b$.$ At what amount would you record the piece of land in $($e$)?$

$2-$c$.$ What measurement principle are you applying?

$3-$a$.$ What reasoning did you apply in $($c$)?$

$3-$b$.$ For $(f),$ what accounting concept did you apply?

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