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