Journal entry worksheet Record the $8,800 lease of equipment with $2,000 cash and the rest on longterm right-of-use lease. Note: Enter debits before credits. Journal entry worksheet 2 5 Record the receipt of cash and the distribution of 1,010 shares of $1 par value common stock with a market price of $35 per share Note: Enter debits before credits. Journal entry worksheet Record the $19,000 land purchase paid with $4,000 cash and a note for the balance. Note: Enter debits before credits. Journal entry worksheet 1 Record $1,400 loan to an employee who signed a note due in six months. Note: Enter debits before credits. The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,010 shares of \$1 par value common stock with a market price of $35 per share. b. Leased $8,800 of equipment, paying $2,000 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $7,000 cash from a bank. d. Loaned $1,400 to an employee who signed a note due in six months. e. Purchased $19,000 of land; paid $4,000 in cash and signed a note for the balance. Required: Prepare journal entries for the above transactions, Note: If no entry is required for a transaction/everh, select "No journal entry required" in the first account field. Journal entry worksheet 5 Record $7,000 cash borrowed from bank. Note: Enter debits before credits