Do the following events result in a recordable transaction for The Toro Company ? Answer yes or no for each.
____1. Toro purchased robotic manufacturing equipment that it paid for by signing a note payable.
____2. Toro’s president purchased stock in another company for his own portfolio.
____ 3. The company lent $ 550 to an employee.
____ 4. Toro ordered supplies from Office Depot to be delivered next week.
____ 5. Six investors in Toro sold their stock to another investor.
____ 6. The company borrowed $ 2,500,000 from a local bank.