a$.$ Borrowed $$22,000$ from a local bank; the loan is due in $9$ months.

b$.$ Lent $$13,800$ to an affiliate; accepted a note due in one year.

c$.$ Sold to investors $90$ additional shares of stock with a par value of $$0\mathrm{.}10$ per share and a market price of $$10$ per share; received

cash.

d$.$ Purchased $$16,000$ of equipment, paying $$12,700$ cash and signing a note for the rest due in one year.

e$.$ Declared $$8,800$ in cash dividends to stockholders, to be paid in February.

Prepare the journal entry to record each of the above transactions for the month of January.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record the receipt of the bank loan of $$22,000.$

Note: Enter debits before credits. $1.$ Record the receipt of the bank loan of $$22,000.2.$ Record the $$13,800$ loan to an affiliate and the acceptance of a note due in one year. $3.$Record the sale of $90$ additional shares with a par value $$0\mathrm{.}10$ per share and a market price of $$10$ per share. $4.$ Record the $$16,000$ purchase of equipment with $$12,700$ cash and the rest on a note due in one year. $5.$Record the declaration of $$8,800$ in cash dividends to the stockholders.