neck my woTR 49 The following events occurred for Favata Company: a. Received $10,500 cash from owners and issued stock to them. b. Borrowed $7,500 cash from a bank and signed a note due later this year. c. Bought and received $850 of equipment on account. d. Purchased land for $13,000, paid $1,100 in cash and signed a long-term note for $11,900. e. Purchased $3,500 of equipment; paid $1,100 in cash and charged the rest on account. Required: For each of the above events, prepare journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 Received $10.500 cash from owners and issued stock to them. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 34 The following events occurred for Favata Company. a. Received $10,500 cash from owners and issued stock to them. b. Borrowed $7,500 cash from a bank and signed a note due later this year. c. Bought and received $850 of equipment on account. d. Purchased land for $13,000; paid $1,100 in cash and signed a long-term note for $11,900 e. Purchased $3,500 of equipment, paid $1,100 in cash and charged the rest on account Check my wo Required: For each of the above events, prepare journal entries. (If no entry is required for a transaction/event, select "No Journ Entry Required" In the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 Borrowed $7,500 cash from a bank and signed a note due later this year. Record the transaction. Note: Enter debits before credits. Transaction b General Journal Debit Credit 713 Record entry Clear entry View general journal B The following events occurred for Favata Company Check my work 01:45:22 pped a. Received $10,500 cash from owners and issued stock to them. b. Borrowed $7,500 cash from a bank and signed a note due later this year. c. Bought and received $850 of equipment on account. d. Purchased land for $13,000, paid $1,100 in cash and signed a long-term note for $11,900. e. Purchased $3,500 of equipment; paid $1,100 in cash and charged the rest on account. Required: For each of the above events, prepare journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) Book 661 View transaction list int Journal entry worksheet int < 1 2 3 4 5 ances Bought and received $850 of equipment on account. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 15:12 ed: The following events occurred for Favata Company: a. Received $10,500 cash from owners and issued stock to them. b. Borrowed $7,500 cash from a bank and signed a note due later this year. c. Bought and received $850 of equipment on account. d. Purchased land for $13,000; paid $1,100 in cash and signed a long-term note for $11,900. e. Purchased $3,500 of equipment, paid $1,100 in cash and charged the rest on account. Required: For each of the above events, prepare journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet < 1 2 3 5 Purchased land for $13,000: paid $1,100 in cash and signed a long-term note for $11,900. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal K Check my work 3 9.09 points 0145.02 Skipped eBook Hint The following events occurred for Favata Company a. Received $10,500 cash from owners and issued stock to them b. Borrowed $7,500 cash from a bank and signed a note due later this year. c. Bought and received $850 of equipment on account d. Purchased land for $13,000; paid $1,100 in cash and signed a long-term note for $11,900. e Purchased $3,500 of equipment; paid $1,100 in cash and charged the rest on account. Required: For each of the above events, prepare journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Print References 1 2 3 4 S Purchased $3,500 of equipments paid $1,100lin cash and charged the rest on account. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal