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hey everyone i just need help with this accounting question please thank you E2-6 Recording Investing and Financing Activities [LO3] The following events occurred at

hey everyone i just need help with this accounting question please thank you

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E2-6 Recording Investing and Financing Activities [LO3] The following events occurred at Favanta Company: a. Received $10,000 cash from owners and issued shares to them. b. Borrowed $7,000 cash from a bank and signed a note due later this year. c. Purchased land for $12,000; paid $1,000 in cash and signed a note for $11,000. d. Bought and received $800 of equipment on account. e. Purchased $3,000 of equipment, paying $1,000 in cash and charged the rest on account. Required: For each of the events in above, prepare journal entries, checking that debits equal credits. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)Journal entry worksheet 3 5 Received $10,000 cash from owners and issued shares to them. Note: Enter debits before credits. Event General Journal Debit Credit a. Cash 10,000 Contributed capital 10,000 Record entry Clear entry View general journal

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