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Nathanson Corporation was organized on May The following events occurred during the first month. Received $75,000 cash from the five investors who organized Nathanson Corporation.

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Nathanson Corporation was organized on May The following events occurred during the first month. Received $75,000 cash from the five investors who organized Nathanson Corporation. Each investor received 109 shares of $10 par value common stock. Ordered store fixtures costing $11,000. Borrowed $13,000 cash and signed a note due in two years. Purchased $21,000 of equipment, paying $1, 300 in cash and signing a six-month note for the balance. Lent $1, 400 to an employee who signed a note to repay the loan in three months. Received and paid for the store fixtures ordered in 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.)

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