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Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Recelved $67,000 cash and a bullding valued at $245,000

image text in transcribed Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Recelved $67,000 cash and a bullding valued at $245,000 from the five investors who organized Jameson Corporation. Each Investor recelved 108 shares of $10 par value common stock. b. Ordered store fixtures costing $19,000. c. Borrowed $20,000 cash and signed a note due in two years. d. Purchased $20,000 of equlpment, paying $1,900 in cash and signing a slx-month note for the balance. e. Lent $1,700 to an employee who signed a note to repay the loan In three months. f. Recelved and paid for the store fixtures ordered in (b). Required: Prepare journal entrles 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 456 Record the receipt of $67,000 cash and a building valued at $245,000 from five investors who each received 108 shares of $10 par value common stock. Note: Enter debits befare credits

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