Current Attempt in Progress The following events occurred during the first month of a company's operations For each these events, indicate whether it should, or should not be recorded (recognized) in the accounting records in the current period. Recorded or Not Recorded Event 1. The company prepares a business plan requesting a $10,600 bank loan. The company enters into a lease for premises at a cost of $1,060 per month and pays a deposit equal to one month's cost. The company submits a bid for a construction contract in the amount of $53,000 and is successful with the 2. 3. > bid. 4. The company hires a supervisor to oversee the construction contract at a cost of $4,240 per month. > 5. The company pays the supervisor one month's salary in advance