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10 3 P 10 10 The following events occurred for Johnson Company Received investment of cash by organizers and distributed to them 1120 shares of
10 3 P 10 10 The following events occurred for Johnson Company Received investment of cash by organizers and distributed to them 1120 shares of $1 par value common stock with a market price of $20 per share b. Leased $7.900 of equipment, paying $1300 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $5,000 cash from a bank d. Loaned $900 to an employee who signed a note due in six months Purchased $6,725 of land; paid $5,000 in cash and signed a note for the balance. Required: For each of the events (at through (et, perform transaction analysis and indicate the account and amount. Check that the accounting equation remains in balance after each transaction Note: Enter decreases to an element of the balance sheet with a minus sign. If no impact on accounting equation leave cells blank D b A 8 4 4 . . . Sackboy Ety
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