The following selected events were experienced by either knox eldercare services, inc., a corporation, or steve knox, the major stockholder.
a. sold land and received cash of $69,000 (the land was carried on the company's books at $69,000).
b. received $15,400 cash from customers on account.
c. made cash purchase of land for a building site for the business, $89,000.
d. borrowed $62,000 from the bank for use in the business.
e. knox used personal funds to purchase a flat-screen tv for his home.
f. purchased medical equipment and signed a $90,000 promissory note in payment.
g. purchased office supplies on account for $1,200.
h. received $12,000 cash and issued stock to a stockholder.
i. paid $400 cash on accounts payable.
j. the business paid knox a cash dividend of $4,000.