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 $$36,000$ cash from a bank, signing a note due in three years.

b$.$ Received investment of cash by organizers and distributed to them $500$ shares of $$0\mathrm{.}10$ par value common stock with a market price of $$35$ per share.

c$.$ Leased a warehouse for $$127,000,$ paying $$29,000$ in cash and signing a $10-$year right$-$of$-$use lease for the balance.

d$.$ Purchased computer and office equipment for $$26,000,$ paying $$7,000$ in cash and signing a note payable to the manurer for the rest.

e$.$ Loaned $$1,500$ to an employee who signed a note due in three months.

f$.$ Paid $$5,000$ to the manufacturers in $(d)$ above.

g$.$ Purchased short$-$term investments for $$16,000$ cash.

Required:

Prepare journal entries for the above transactions.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$1$ Borrowed $$36,000$ cash from a bank, signing a note due in three years.

$2$ Received investment of cash by organizers and distributed to them $500$ shares of $$0\mathrm{.}10$ par value common stock with a market price of $$35$ per share.

$3$ Leased a warehouse for $$127,000,$ paying $$29,000$ in cash and signing a $10-$year right$-$of$-$use lease for the balance.

$4$ Purchased computer and office equipment for $$26,000,$ paying $$7,000$ in cash and signing a note payable to the manufacturer for the rest.

$5$ Loaned $$1,500$ to an employee who signed a note due in

Note : $=$ journal entry has been entered

$10$ shares e$.$

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