Week 3 Question (10 marks) (Note this question is 3.2 in the Pre-recorded Tutorial Questions) Which of the following events listed below results in an accounting transaction for Clothing Ltd? State a reason if it is not an accounting transaction. 1. Clothing Ltd signed a contract to hire a new store manager for a salary of $150,000 per annum. The manager will start work next month. 2. The founder of Clothing Ltd., who is also a major shareholder, purchased additional stock in another company. 3. Clothing Ltd borrowed $230,000 from a local bank. 4. Clothing Ltd purchased a sewing machine, which it paid for by signing a note payable. 5. Clothing Ltd issued 10,000 shares to a private investor, who is also a car business owner, in return for a new delivery truck. 6. Two investors in Clothing Ltd sold their stock to another investor. 7. Clothing Ltd ordered some fabric to be delivered next week. 8. Clothing Ltd lent $250,000 to a member of the board of directors.