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

a$.$ Received $$70,000$ cash and a building valued at $$240,000$ from the five investors who organized Jameson Corporation. Each

investor received $101$ shares of $$10$ par value common stock.

b$.$ Ordered store fixtures costing $$15,000.$

c$.$ Borrowed $$14,000$ cash and signed a note due in two years.

d$.$ Purchased $$16,000$ of equipment, paying $$1,200$ in cash and signing a six$-$month note for the balance.

e$.$ Lent $$1,100$ to an employee who signed a note to repay the loan in three months.

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

Record the receipt of $$70,000$ cash and a building valued at $$240,000$ from

five investors who each received $101$ shares of $$10$ par value common stock.

Note: Enter debits before credits. $1.$ Record the receipt of $$70,000$ cash and a building valued at $$240,000$ from five investors who each received $101$ shares of $$10$ par value common stock $2.$ Record the $$15,000$ order of store fixtures. $3.$ Record the receipt of the $$14,000$ cash borrowed on a two$-$year note. $4.$ Record the $$16,000$ purchase of equipment paid for with $$1,200$ in cash and a six$-$month note for the balance. $5.$ Record $$1,100$ loan to an employee who signed a note due in three months. $6.$ Record the receipt of the store fixture and $$15,000$ payment.