24 (Static) Determining Financial Statement Effects of Several Transactions LO2-3 The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,000 shares of $1 par value common stock with a market price of $40 per share. b. Leased $15,000 of equipment, paying $3,000 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $10,000 cash from a bank. d. Loaned $800 to an employee who signed a note due in six months. e. Purchased $13,000 of land; pad $4,000 in cash and signed a note for the balance. ?equired: -or each of the events (a) through (e), perform transaction analysis and indicate the account and amount. Check that the accounting ?quation remains in balance after each transaction. vote: Enter decreases to an element of the balance sheet with a minus sign. If no impact on accounting equation leave cells slank. Common stock Dividends payable Intangibles Inventories Land Lona-term investments Land Long-term investments Long-term lease liabilities Note receivable Notes payable Operatina lease riaht-of-use assets Other current assets Other noncurrent assets Retained earnings Short-term investments Store fixtures