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Grady Service Company Inc was organized by Chris Grady and five other investors. The following events occurred during the year a Received 568 850 cash

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Grady Service Company Inc was organized by Chris Grady and five other investors. The following events occurred during the year a Received 568 850 cash from the investors, each was issued 1,530 shares b. Purchased equipment for use in the business at a cost of $18,600, one fourth was paid in cash, and the company signed a note for the balance, payable in six months. c Signed an agreement with a cleaning service to pay it $330 per week for cleaning the corporate offices. d. Lent $3,800 to one of the investors, who signed a note due in six months. e Issued shares to additional investors, who contributed 57,300 in cash and a lot of land valued at $16,300. Paid the amount of the note payable in (b). g. Chris Grady borrowed 511,300 for personal use from a local bank and signed a note payable in one year Required: 1. Prepare journal entries for each transaction. (If no entry is required for a transactionevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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