journal entries

Problem #3 - Prepare the journal entries to Jurnal Entries E ond credits are to the right Formatting and Presentation is vel e journal entries for the following transactions (Make sure debits are to the Ling and Presentation is very important) (20 Points) (a) Chipotle issued 5,000 additional shares Issued 5,000 additional shares of common stock with a par value of $1.50 per share at a market value of $12.00 per share, receiving $60,000 in cash from investors. (b) Chipotle borrowed $25,000 from its local bank, signing a note to be paid in three years. (c) Chipotle purchased $15,000 in additional land, $25,000 in new buildings, and $10,000 in new equipment; paid $30,000 in cash and signed a note payable for the remainder owed. (d) Collected $20,000 of accounts receivable. (e) Pald $15,000 of accounts payable