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please answer labeling numbers 1-5 please The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,080

please answer labeling numbers 1-5 please
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The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,080 shares of $1 par value common stock with a market price of $35 per share. b. Leased $8,500 of equipment, paying $1,700 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $6,000 cash from a bank. d. Loaned $1,000 to an employee who signed a note due in six months. e. Purchased $17,000 of land; paid $8,000 in cash and signed a note for the balance. Required: Prepare journal entries for the above transactions. 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 receipt of cash and the distribution of 1,080 shares of $1 par value common stock with a market price of $35 per share Note: Enter debits before credits. The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,080 shares of $1 par value common stock with a market price of $35 per share. b. Leased $8,500 of equipment, paying $1,700 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $6,000 cash from a bank. d. Loaned $1,000 to an employee who signed a note due in six months. e. Purchased $17,000 of land; paid $8,000 in cash and signed a note for the balance. Required: Prepare journal entries for the above transactions. 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 $8,500 lease of equipment with $1,700 cash and the rest on longterm right-of-use lease. Note: Enter debits before credits. The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,080 shares of $1 par value common stock with a market price of $35 per share. b. Leased $8,500 of equipment, paying $1,700 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $6,000 cash from a bank. d. Loaned $1,000 to an employee who signed a note due in six months. e. Purchased $17,000 of land; paid $8,000 in cash and signed a note for the balance. Required: Prepare joumal entries for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record $6,000 cash borrowed from bank. Note: Enter debits before credits. The following events occurred for Johnson Company: a. Recelved investment of cash by organizers and distributed to them 1,080 shares of $1 par value common stock with a market price of $35 per share. b. Leased $8,500 of equipment, paying $1,700 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $6,000 cash from a bank. d. Loaned $1,000 to an employee who signed a note due in six months. e. Purchased $17,000 of land; paid $8,000 in cash and signed a note for the balance. Required: Prepare journal entries for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record \$1,000 loan to an employee who signed a note due in six months. Note: Enter debits before credits: E2-6 (Algo) Recording Investing and Financing Activities LO2-4 The following events occurred for Johnson Company: a. Recelved investment of cash by organizers and distributed to them 1,080 shares of $1 par value common stock with a market price of $35 per share, b. Leased $8,500 of equipment, paying $1,700 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $6,000 cash from a bank. d. Loaned $1,000 to an employee who signed a note due in six months. e. Purchased $17,000 of land; paid $8,000 in cash and signed a note for the balance. Required: Prepare journal entries for the above transactions. 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 $17,000 land purchase paid wiki $8,000 cash and a note for the balance. Notoz Enter sebits before credis

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