Question: please answer asap !!!!!:) -thanks Assume Down. Incorporated. was organized on May I to compete with Despair. sells de-motivat:onal posters and office products. Clown, 'ncorpornted.

please answer asap !!!!!:) -thanks

Assume Down. Incorporated. was organized on May I to compete with Despair. sells de-motivat:onal posters and office products. Clown, 'ncorpornted. encountered the to:lowing events dunnq Is first month ot operations, a Received S46.OOO from the investors "ho Organized Down. Incorporated b Borronet] SOOOO cash and a note due in two years_ Ordered equipment costing $14,000. O. Purchased SIO.OOO equipment. paying $4,000 in cash Signing for the balance e, Received tho equipment ordered in paid half o' it. and put the on account Required: I. the 01 ,tems a tame, (Enter any decreases to account ba'ances with a minus sign.)

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