Ivanhoe Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $35,500 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $28,000 from Ladd on account. 3. Paid $3,700 cash for May rent on storage space. 4. Performed computer services worth $18,100 on account. 5. Performed computer services for Wharton Construction Company for $6,800 cash. 6. Paid Western States Power Co. $9,000 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $3,400 on account. 9. Received $10,200 cash from customers for contracts billed in (4).

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

The correct answer would be story