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a. Received investment of cash by organizers and distributed to them 1,190 shares of $1 par value common stock with a market price of $5
a. Received investment of cash by organizers and distributed to them 1,190 shares of $1 par value common stock with a market price of $5 per share. b. Leased $7,100 of equipment, paying $1,400 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $8,000 cash from a bank. d. Loaned $1,300 to an employee who signed a note due in six months. e. Purchased $23,601 of land; paid $6,000 in cash and signed a note for the balance. Required: For each of the events (a) through (e), perform transaction analysis and indicate the account and amount. Check that the accounting equation remains in balance after each transaction. Note: Enter decreases to an element of the balance sheet with a minus sign. If no impact on accounting equation leave cells blank
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