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10.00 points E2-8 Recording Investing and Financing Activities LO2-4 Kelsey Baker founded GolfDeals.com at the beginning of February. GolfDeals.com sells new and used golf equipment

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10.00 points E2-8 Recording Investing and Financing Activities LO2-4 Kelsey Baker founded GolfDeals.com at the beginning of February. GolfDeals.com sells new and used golf equipment online. The following events occurred in February. a. Borrowed $32,000 cash from a bank, signing a note due in three years. b. Received investment of cash by organizers and distributed to them 700 shares of $0.10 par value common stock with a market price of $40 per share. c. Purchased a warehouse for $119,000, paying $25,000 in cash and signing a note payable for the balance on a 10-year mortgage. d. Purchased computer and office equipment for $22,000, paying $5,000 in cash and owing the rest on accounts payable to the manufacturers. e. Loaned $2,000 to an employee who signed a note due in three months. f. Paid $3,000 to the manufacturers in (d) above. g. Purchased short-term investments for $12,000 cash. Required: Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Journal entry worksheet Record the cash borrowed from a bank. E dit before the Transaction General Journal D

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