M2-8 &M2-9. Prepare the journal entries for each of Dennen, Inc.'s transactions. a. Borrowed $30,000 from a local bank. b. Lent $10,000 to an affiliate; accepted a note due in one year. c. Sold to investors 100 shares of common stock with a par value of $0.10 per share and a market price of $5 per share; received cash. d. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest, due in one year. e. Declared and paid $2,000 in dividends to stockholders