Issued 6,100 shares of common stock for $610,000 cash. Borrowed $114,000 cash from a local bank, payable in two years. Bought a building for $272,250; paid $84,250 in cash and signed a three-year note for the balance. Paid cash for equipment that cost $238,000.Purchased supplies for $31,250 on account. Summarize the journal entry effects from part 2 using T-accounts.

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.