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a. Borrowed $30,000 cash from a bank, signing a note due in three years. b. Received investment of cash by organizers and distributed to them

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a. Borrowed $30,000 cash from a bank, signing a note due in three years. b. Received investment of cash by organizers and distributed to them 500 shares of $0.10 par value common stock with a market price of $30 per share. c. Purchased a warehouse for $115,000, paying $23,000 in cash and signing a note payable for the balance on a 10-year mortgage. d. Purchased computer and office equipment for $20,000, paying $4,000 in cash and owing the rest on accounts payable to the manufacturers. e. Loaned $1,000 to an employee who signed a note due in three months. f. Paid $2,000 to the manufacturers in (d) above. g Purchased short-term investments for $10,000 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. View transaction list Journal entry worksheet Record the cash borrowed from a bank, 20 esc

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