a. Received $82,000 cash invested by owners and issued common stock. b. Bought an unused field from a local farmer by paying $72,000 cash. As a construction site for smaller projects, it is estimated to be worth $77,000 to J.K. Builders. c. A lumber supplier delivered lumber supplies to J.K. Builders for future use. The lumber supplies would have normally sold for $22,000, but the supplier gave J.K. Builders a 8 percent discount. J.K. Builders has not yet received the $20,240 bill from the supplier. d. Borrowed $37,000 from the bank with a plan to use the funds to build a small workshop in August. The loan must be repaid in two years. e. One of the owners sold $22,000 worth of his common stock to another shareholder for $23,000. Prepare journal entries for the above transactions from the first month of business. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)