Account payable

account receivable

accrued liabilities payable

additional pain-in capital

buildings

cash

common stock

dividend payable

equipment

intangible

inventories

land

long-term investments

note receivable

notes payable

other current assets

other concurrent assets

retained earnings

short-term investments

store fixtures

E2-4 (Algo) Determining Financial Statement Effects of Several Transactions LO2-3 The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,040 shares of $1 par value common stock with a market price of $30 per share. b. Purchased $8,400 of equipment, paying $1,600 in cash and owing the rest on accounts payable to the manufacturer. C. Borrowed $7,000 cash from a bank. d. Loaned $700 to an employee who signed a note. e. Purchased $23,253 of land; paid $9,000 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, amount, and direction of the effect (+ for increase and - for decrease) on the accounting equation. Check that the accounting equation remains in balance after each transaction. (If no impact on accounting equation leave cells blank.) Event Assets Liabilities + Stockholders' Equity a. b. c. d. e