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Jameson Corporation was organized on May 1. The following events occurred during the first month a. Recelved $68,000 cash from the five investors who organized

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Jameson Corporation was organized on May 1. The following events occurred during the first month a. Recelved $68,000 cash from the five investors who organized Jameson Corporation. Each investor received 109 shares of $10 par value common stock. b. Ordered store flutures costing $15,000 c. Borrowed $12,000 cash and signed a note due in two years. d. Purchased $17,000 of equipment, paying $2,000 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. 1. Received and paid for the store fixtures ordered in (b). ok > Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) int View transaction ist rences Journal entry worksheet 2 Record the receipt of $68,000 cash from five Investors who each received 109 shares of $10 par value common stock. Note: Enter debits before credits Transaction General Journal Debit Credit w Drou 61 111 ournal entry worksheet 1 3 4 5 6 Record the receipt of $68,000 cash from five investors who each received 109 shares of $10 par value common stock. Hote: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general ja

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