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0.5 ponds C P Rec The following events occurred for Johnson Company a. Received investment of cash by organizers and distributed to them 1000
0.5 ponds C P Rec The following events occurred for Johnson Company a. Received investment of cash by organizers and distributed to them 1000 shares of $1 par value common stock with e market price of $40 per share b. Purchased $15,000 of equipment, paying $3,000 in cash and owing the rest on accounts payable to the manufacture c. Borrowed $10,000 cash from a bank. d. Loaned $800 to an employee who signed a note Purchased $13,000 of land; paid $4,000 in cash and signed a note for the balance Required: For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and for decrease) on the accounting equation. Check that the accounting equation remains in balance after each transaction. (If no impact on accounting equation leave cells blank) Event b c a Assets + Liabilities Stockholders' Equity
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