< > (163 unread) - sammatha.stiff@yahoo.com - Yahoo Mail Homework - Chapter 2 ezto.mheducation.com M Question 3 - Homework - Chapter 2 - Connect Savoc Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 0.5 3 points The following events occurred for Johnson Company: a. Received investment of $36,000 cash by organizers and distributed 1,060 shares of $1 par value common stack to them. b. Purchased $7,200 of equipment, paying $1,200 in cash and signing a note for the rest. c. Borrowed $13,000 cash from a bank. d. Loaned $600 to en employee who signed a note. e. Purchased $21,000 of land; paid $7,000 in cash and signed a mortgage note for the balance. Required: Prepere 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.) Mc Graw Hill No 1 Transaction 3. Cash Common stock 2 b. Answer is not complete. General Journal Additional paid-in capital Equipment Cash Accounts receivable 000 000 00 Debit Credit 36,000 1,080 34,940 7,200 1,200 3 C. Cash Notes payable 13,000 13,000 4 d. Notes receivable Cash 600 500 5 . Land 21,000 Cash 7,000 Notes payable 14,000 < Prev 3 of 12 Next > Exchange Password Required E3 Enter your password for "sstiff* in Internet Accounts. Help Save & Exit Submit Return to question