E2-8 (Algo) Recording Investing and Financing Activities LO2-4 Kelsey Baker founded GolfDeals.com at the beginning of February. GolfDeals.com sells new and used golf equipment online. The following events occurred in February. a. Borrowed $46,000 cash from a bank, signing a note due in three years. b. Received investment of cash by organizers and distributed to them 900 shares of $0.10 par value common stock with a market price of $20 per share. C. Purchased a warehouse for $147,000, paying $39,000 in cash and signing a note payable for the balance on a 10-year mortgage. d. Purchased computer and office equipment for $36,000, paying $6,500 in cash and owing the rest on accounts payable to the manufacturers. e. Loaned $1,500 to an employee who signed a note due in three months. f. Paid $5,000 to the manufacturers in (d) above. g. Purchased short-term investments for $13,000 cash. Required: Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 3 4 5 6 7 > Record the cash borrowed from a bank. Note: Enter debits before credits. Transaction Credit General Journal Cash Notes payable Debit 46,000 a. 46,000 Record entry Clear entry View general journal