Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to Aprit 30,2020. a. Received $81,900 cash when issuing 8,190 new shares. b. Purchased some land by paying $2,700 cash and signing a note payable for $9,100 due in 2017 c. Hired a new aesthetician for a salary of $1,800 a month, starting next month. d. Bought $1,130 in soaps and aromatherapy supplies for the spa on credit. e. NGS purchased a company car for $18,200 cash (list price of $22,000 ) to assist in running errands for the business. f. Nicole sold 100 of her own personal shares to Raea Gooding for $500. g. Paid $420 of the amount owed in (c). Required: 1. Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" the first account field.) Assume Downercom was organized on May 1, to compete with Despair, Inc-a company that sells de-motivational posters and office products. The following events occurred during the first month of Downer.com's operations. a. Received $84,000 cash from the investors who organized Downercom Corporation. b. Borrowed $28,000 cash and signed a note due in two years. c. Ordered computer equipment costing $17,000. d. Purchased $11,000 in equipment, paying $3,600 in cash and signing a six-month note for the balance e. Recelved the equipment ordered in (G). paid for haif of it, and put the rest on account. Required: 1. For each of the events (a) through (e), perform transaction analysis and indicate the amount of effect on the accounting equation. (Enter any decreases to account balances with a minus sign.)