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6 0.55 poin 40 (ecording invesung anu rinancing Acuviues The following events occurred for Johnson Company a. Received investment of cash by organizers and
6 0.55 poin 40 (ecording invesung anu rinancing Acuviues The following events occurred for Johnson Company a. Received investment of cash by organizers and distributed to them 1170 shares of $1 par value common stock with a market price of $45 per share. b. Leased $8,400 of equipment, paying $1800 in cash and signing a long-term night of use lease for the rest owed c. Borrowed $8,000 cash from a bank. d. Loaned $600 to an employee who signed a note due in sox months e Purchased $16,000 of land, paid $9,000 in cash and signed a note for the balance Required: Prepare journal entries for the above transactions. Note: If no entry is required for a transection/event, select "No journal entry required" in the first account field No Transaction Answer is not complete. General Journal Deb Cede Cash Common stock 2 b No Transaction Recorded 3 a Cash 4 Notes receivable Cash 5 Land 0 00 00 D Cash >
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