Question 2. Each part is worth one point as if it were a separate question. For each part, make the appropriate entry or entries. Part a. The owner paid $11,000 to the company from his personal checking account to buy common stock in the company. Part b. The company needed some office furniture, so it bought some used office furniture for $4,000. The furniture store opened an account for the company, so it will not have to pay the $4,000 until a later date. Part c. The company paid $600 from its checking account to an insurance agent. Policy coverage will not begin until two months from now. The policy term (period during which the insurance coverage is in effect) is for twelve months. Part d. The company has started getting customers. It performed some services this month, and near the end of the month, billed a customer for $3,000 for the services it started, performed, and completed this month. Part e. The company paid what it owed from when it bought the used office furniture. Part f. The customer mailed a check to the company (see part d) for what the company had billed the customer. The customers check was received and deposited today. Part g. The customer who paid us (see parts d and f) was so pleased that he recommended us to a friend of his. The friend paid us $5,000 up front to have us perform services for him. We have not yet gotten started on performing any of those services.