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July 1 : Pane pays cash for a patent that will allow them to produce a revolutionary new window for boats and other marine vehicles

July 1: Pane pays cash for a patent that will allow them to produce a revolutionary new window for boats and other marine vehicles called "T-Panes".
cost of patent $90,000
Remaining legal life of patent (in years)9
July 28: Pane issued shares of common stock
Number of shares 5,230
par value $2
price per share $124
August 6: Pane purchases land with cash. At the time of purchase, Pane also had to pay for survey fees related to the land.
cost of land $124,000
survey fees $600
November 1: Pane lends one of their employees $200,000 in exchange for a note receivable. The employee is required to pay Pane back for the principal and interest on September 1,2024.
principal $200,000
interest rate 9%
maturity date 9/1/24
November 15: Pane sales additional goods to customers on account.
sales on account $20,000,000
cost of goods sold $6,350,000
create journal entries for these please.

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