Robin Harrington established Time Definite Delivery on January 1. The following transactions occurred during the company's most recent quarter.

a. Issued common stock for $ 80,000.

b. Provided delivery service to customers, receiving $ 72,000 in accounts receivable and $ 16,000 in cash.

c. Purchased equipment costing $ 82,000 and signed a long- term note for the full amount.

d. Incurred repair costs of $ 3,000 on account.

e. Collected $ 65,000 from customers on account.

f. Borrowed $ 90,000 by signing a long- term note.

g. Prepaid $ 74,400 cash to rent equipment next quarter.

h. Paid employees $ 38,000 for work done during the quarter.

i. Purchased (with cash) and used $ 49,000 in fuel for delivery equipment.

j. Paid $ 2,000 on accounts payable. k. Ordered, but haven't yet received, $ 700 in supplies.

Required:

For each of the transactions, prepare journal entries. Be sure to categorize each account as an asset (A), liability (L), stockholders' equity (SE), revenue (R), or expense (E).