1) Buy inventory on credit for $2,000  2) Pay regular salary of $300 to an employee for work done during the past week; no amount had previously been recorded  3) Borrow $9,000 in cash from bank by signing a loan agreement  4) Make a sale of the inventory bought in (1) to a customer for $5,000 on credit  5) Pay $700 for insurance coverage for the past few months; this amount has previously been recognized in the company’s accounting system as it was incurred  6) Buy a new automobile for the company for a price of $40,000 by paying $10,000 in cash and signing a note for the remainder  7) Issue ownership shares to a new stockholder for cash of $19,000  8) Collect cash from customer on earlier sale in (4)  9) Pay cash for the inventory acquired in (1)  10) Pay $4,000 to rent a building for the next four months