parents lend the company $10,000 cash, in exchange for a two-year, 6%
note payable. Interest and the principal are repayable at maturity.
– Sign a lease agreement for retail/bakery space. The agreement is
for 1 year, with the option to extend the lease on a month-to-month
basis after 1year. The rent is $1,500 per month. The lease period
starts on July 15, first and last month’s rent due at that time.
Subsequent rents are due on the 15th
day of each month.