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Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $74,000 cash and a building valued at $260,000

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Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $74,000 cash and a building valued at $260,000 from the five investors who organized Jameson Corporation. Each investor recelved 108 shares of $10 par value common stock. b. Ordered store fixtures costing $15,000. c. Borrowed $18,000 cash and signed a note due in two years. d. Purchased $16,000 of equipment, paying $1,400 in cash and signing a six-month note for the balance. e. Lent $1,700 to an employee who signed a note to repay the loan in three months. 1. Recelved 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 $74,000 cash and a fuilding valued at $260,000 from five investors who each recelved 108 shares of $10 par value common stock. Note: Enter debits before credits

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