Freetrade Corporation was organized on May $1.$ The following events occurred during the first month.

a$.$ Received $$69,000$ cash and a building valued at $$255,000$ from the five investors who organized Freetrade.

b$.$ Ordered store fixtures costing $$18,000.$

c$.$ Borrowed $$13,000$ cash and signed a note due in two years.

d$.$ Purchased $$14,000$ of equipment, paying $$1,600$ in cash and signing a six$-$month note for the balance.

e$.$ Lent $$1,600$ to an employee who signed a note to repay the loan in three months. No interest will be charged.

f$.$ Received and paid for the store fixtures ordered in $(b).$

Required:

Prepare journal entries for each transaction.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

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Record the receipt of $$69,000$ cash and a building valued at $$255,000$ from five investors who each received $110$ shares of $$10$ par value common stock.

Note: Enter debits before credits.