Journalize the following

Lewis Hamilton began his business by contributing an iPad and Cash Register valued at $1,500 and video equipment valued at $6,200 and depositing $39375 in a checking account in the name of the corporation in exchange for 6,000 shares, $2 par value shares of capital stock.

Received $15,000 proceeds from an unsecured, 9%, 5 year, interest only bank loan, due August 1, 2018. The proceeds will be used to pay daily operation costs of the company. Interest will be paid monthly on the fifth of each month; next payment day is September 5th.

Purchased 30 shares of Netflix, Inc. common stock as an investment. (Find stock price as of August 1, 2018). Paid a commission price of $20.00/ transation. Use the Short-term Investment (Available For Sale) account.

Purchased 2 Virtual Reality Chairs for $22,400, paying $2,400 cash and the balance with a zero interest bearing 36 month note.

Paid cash for an exclusive 4 year right to sell racing gear products from Sparcoal Racing Company, $8,000.

Purchased 20 helmets (Model T200), on account, for resale purposes only. Helmets cost $75 each, $1,500.00. HPR was charged shipping costs of $25.00, which was also included in the amount oweduse the Merchandise Inventory Account, terms, 2%, n/30.