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Above are the drop down options:(for assets, Liabilities, Stockholders equity parts of question) The following events occurred for Johnson Company: a. Received investment of cash
Above are the drop down options:(for assets, Liabilities, Stockholders equity parts of question) The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,170 shares of $1 par value common stock with a market price of $15 per share. b. Leased $7,200 of equipment, paying $1,500 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $7,000 cash from a bank. d. Loaned $1,100 to an employee who signed a note due in six months e. Purchased $16,888 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 leave cells blank
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