ces The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,130 shares of $1 par value common stock with a market price of $15 per share. b. Leased $8,200 of equipment, paying $1,700 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $10,000 cash from a bank. d. Loaned $1,100 to an employee who signed a note due in six months. e. Purchased $24,081 of land; paid $5,000 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. Event a. a. b. b. C. C. d. d. e e Cash Assets Other noncurrent assets Retained earnings Short-term investments Store fixtures Treasury stock 16,950 = Liabilities + Common stock + + + + + + Stockholders' Equity + Additional paid-in-capital 1,130 15,820

The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,30 shares of $1 par value common stock wath a market price of $15 per shate. b. Leased $8,200 of equipment, paying $1,700 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $10,000 cash from a bank. d. Loaned $1,100 to an employee who signed a note due in six months. e. Purchased $24,081 of land; paid $5,000 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. The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,130 shares of $1 par value common stock with a market price of $15 per share. b. Leased $8,200 of equipment, paying $1,700 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $10,000 cash from a bank. d. Loaned $1,100 to an employee who signed a note due in six months. e. Purchased $24,081 of land; paid $5,000 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