Transactions: Borrowed $65,000 from SF Bank by issuing a 3-year, 7% APR promissory note....

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Accounting

Transactions:
Borrowed $65,000 from SF Bank by issuing a 3-year, 7% APR promissory note.
Sold (issued) $100,000 of common stock to stockholders for cash.
Provided $48,000 of consulting services; customer paid $12,000 and Allen sent
customer a bill for the balance due in 30 days.
Paid the current month's rent for $6,000.
Purchased a six-month insurance policy for $3,500(paid in cash).
Paid $7,700 dividends to stockholders.
Paid employee wages for the current month for $15,000.
Received $36,000 in advance to provide consulting services for a customer for
three months beginning the first day of the following month. The work will be
done equally each month.
Received $36,000 from the customer who paid off their balance due from
transaction #3 above.
Purchased computers for $4,700 paying $700 in cash and putting the balance on
account.
Part 1: Transaction Analysis
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