Nathanson Corporation was organized on May 1, 2014. The following events occurred during the first month. a. Received $70,000 cash from the five investors who organized Nathanson Corporation. Each investor received 101 shares of $10 par value common stock. b. Ordered store fixtures costing $15,000. c. Borrowed $16,000 cash and signed a note due in two years. d. Purchased $13,000 of equipment, paying $1,800 in cash and signing a six-month note for the balance. e. Lent $1,100 to an employee who signed a note to repay the loan in three months. f. Received and paid for the store fixtures ordered in (b). Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet General Journal No Transaction 1 . Cash Common stock Additional paid-in capital 2 b. No Transaction Recorded Debit Credit 70,000 5,050 64,950 3 C. Cash 16,000 Notes payable (long-term) 16,000 4 d. Equipment 13,000 Cash 1,800 Notes payable (short-term) 11,200 5 c. Notes receivable (short-term) 1,100 Cash 1,100 6 f. Store fixtures Cash 15,000 15,000