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Kelsey Baker founded GolfDeals.com at the beginning of February. GolfDeals.com sells new and used golf equipment online. The following events occurred in February. a. Borrowed

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Kelsey Baker founded GolfDeals.com at the beginning of February. GolfDeals.com sells new and used golf equipment online. The following events occurred in February. a. Borrowed $41,000 cash from a bank, signing a note due in three years. b. Received investment of cash by organizers and distributed to them 400 shares of $0.10 par value common stock with a market price of $20 per share. C. Purchased a warehouse for $137,000, paying $34,000 in cash and signing a note payable for the balance on a 10-year mortgage. d. Purchased computer and office equipment for $31,000, paying $4,000 in cash and owing the rest on accounts payable to the manufacturers. e. Loaned $1,500 to an employee who signed a note due in three months. f. Paid $2,500 to the manufacturers in (d) above. g. Purchased short-term investments for $8,000 cash. Required: Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list :X: 1 Record the cash borrowed from a bank. 2 Record the investment of cash by organizers. 3 Record the purchase of warehouse for $137,000, paying $34,000 in cash and signing a note payable for the balance on a 10-year mortgage. 4 Record the purchase of computer and office equipment. 5 Record the loan of $1,500 provided to an employee who signed a note due in three months. 6 Record the payment to manufacturers for computer and office equipment. Note : = - journal entry has been entered Journal entry worksheet Record the cash borrowed from a bank. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal

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