Assume Downer.com was organized on May 1, to compete with Despair, Inc--a company that selis de-motivational posters and office products. The following events occurred during the first month of Downer.com's operations. a. Received $81,000 cash from the investors who organized Downercom Corporation. b. Borrowed $29,500 cash and signed a note due in two years. c. Ordered computer equipment costing $20,000. d. Purchased $12.500 in equipment, paying $3,900 in cash and signing a six-month note for the balance. e. Received the equipment ordered in (c), paid for half of it, and put the rest on account. Required: 1. For each of the events (a) through (e), perform transaction analysis and indicate the amount of effect on the accounting equation. (Enter any decreases to account balances with a minus sign.) 2. Prepate journal entries for each transaction. (If no entry is required for a transaction/event, sefect "No Journal Entry Required" in the first account field,) I. Received $81,000 cash from the investors who organized Downer.com Corporation. 2 Borrowed $29,500 cash and signed a note due in two years. 3 Ordered computer equipment costing $20,000. 4 Purchased $12,500 in equipment, paying $3,900 in cash and signing a skx-month note for the balance. 3. Received the equipment ondered in (c), paid for haif of it, and put the rest on account. Note: = joumal entry has been entered 2. Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 45 Recelved $81,000 cash from the investors who orgsnized Downer,com Corporation. Notei Intikr debits before croves. 3. Prepare a classitied balance stheet at May 31. Include retained earnings with a balance of zero