a. Received investment of cash by organizers and distributed to them 1,020 shares of $1 par value common stock with a market price of $20 per share. b. Purchased $8,500 of equipment, paying $1,800 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $8,000 cash from a bank. d. Loaned $600 to an employee who signed a note. e. Purchased $21,000 of land; paid $10,000 in cash and signed a note for the balance. Journal entry worksheet 2 3 4 5 Record the receipt of cash and the distribution of 1,020 shares of $1 par value common stock with a market price of $20 per share Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet 2 3 4 5 Record the $21,000 land purchase paid with $10,000 cash and a note for the balance. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal