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Jameson Corporation was organized on May 1. The following events occurred during the first month a. Received $66,000 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. Received $66,000 cash from the five investors who organized Jameson Corporation. Each investor received 107 shares of $10 par value common stock b. Ordered store fixtures costing $12,000. c Borrowed $14.000 cash and signed a note due in two years. d Purchased $14.000 of equipment, paying $1,800 in cash and signing a six-month note for the balance e Lent S1,800 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) the Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" first account field.) View transaction list Required: Prepare journal entries for each transaction of no entry is required for a transaction event, select "No journal entry required" in the first account field.) View transactions Journal entry worksheet Record the shares of 511 Lach received 107 No journal entry required Accounts payable Accounts receivable Accrund liabilities payable Note Enter Dube Credit Record entry Clear entry View general journal Prey 3 of 4 38 Next >

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