Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $66,000 cash and a building valued at $260,000 from the five investors who organized Jameson Corporation. Each investor received 109 shares of $10 par value common stock. b. Ordered store fixtures costing $16,000. c. Borrowed $14,000 cash and signed a note due in two years. d. Purchased $14,000 of equipment, paying $1,900 in cash and signing a six-month note for the balance. e. Lent $1,200 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:

Jameson Corporation was organized on May 1 . The following events occurred during the first month. a. Recelved $66,000 cash and a building valued at $260,000 from the five investors who organized Jameson Corporation Each investor recelved 109 shares of $10 par value common stock. b. Ordered store fixtures costing $16,000 c. Borrowed $14,000 cash and signed a note due in two years. d. Purchased $14,000 of equipment, paying $1,900 in cash and signing a six-month note for the balance, e Lent $1,200 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) Jameson Corporation was organized on May 1 . The following events occurred during the first month. a. Recelved $66,000 cash and a building valued at $260,000 from the five investors who organized Jameson Corporation Each investor recelved 109 shares of $10 par value common stock. b. Ordered store fixtures costing $16,000 c. Borrowed $14,000 cash and signed a note due in two years. d. Purchased $14,000 of equipment, paying $1,900 in cash and signing a six-month note for the balance, e Lent $1,200 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)