M2-9 (Algo) Recording Simple Transactions [LO2-4] Prepare journal entries to record each of the following transactions for the month of January: a. Borrowed $24,000 from a local bank; the loan is due in 9 months. b. Lent $8,700 to an affiliate; accepted a note due in one year. c. Sold to investors 90 additional shares of stock with a par value of $0.10 per share and a market price of $10 per share; received cash. d. Purchased $19,000 of equipment, paying $11,300 cash and signing a note for the rest due in one year. e. Declared $3,600 in cash dividends to stockholders, to be paid in February. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the $8,700 loan to an affiliate and the acceptance of a note due in one year. Note: Enter debits before credits