a ) March 24 : Holden Corp. used $ 750 cash and $ 2,250 credit to purchase new equipment worth $ 3,000 . b ) At month - end : $ 1,500 of the insurance policy purchased in advance has expired . c ) March 3 : Susan West , a shareholder of Holden Corp. , received share capital after having transferred to the business a building worth $ 27,000 and the $ 4,000 remaining balance of the related short - term note payable d ) March 11 : $ 2,400 in dividends were declared and paid to the shareholders of the business e ) March 24 : Susan West ( a shareholder ) , received share capital in Holden Corp. , after investing equipment and supplies into the business worth $ 15,000 and $ 5,000 , respectively March 10 Susan West ( a shareholder ) , received share capital in Holden Corp. after investing $ 20,000 of supplies into the business g ) March 12 Holden Corp. purchased $ 35,750 of equipment by borrowing the amount from the bank through a short term note payable h ) March 5 : Holden Corp. bought equipment on credit for $ 3,250 ) March 16 : Holden Corp. paid $ 3,700 for a one - year insurance premium on equipment ) At month - end : $ 1,000 of the rent paid in advance has expired k ) At month - end : A review of the $ 60,000 unadjusted balance in the prepaid rent account shows a remaining balance of $ 54,750 at the end of the month . ) March 24 : Susan West , a shareholder of Holden Corp. , received share capital after investing furniture worth $ 11,000 and a building worth $ 68,000 into the business m ) March 9 : Susan West ( a shareholder ) , received share capital in Holden Corp. , after investing $ 15,000 cash and $ 30,000 worth of equipment in Holden Corp. n ) At month - end : Unrecorded and uncollected consulting fees at the end of the month were $ 8,250 . ) At month - end : Property taxes of $ 100 have accrued but are unrecorded