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Assume Down Incorporated, was organized on May 1 to compete with Despair, Incorporated-a company that sells de motivational posters and office products. Down, Incorporated encountered the following events during its first month of operations Received $34.000 cash from the investors who organized Down, Incorporated b Borrowed $19.000 cash and signed a note due in two years. c Ordered equipment costing $16.000 d. Purchased $10.000 in equipment, paying $2,000 in cash and signing a six-month note for the balance. e Received the equipment ordered in (paid for half of it, and put the rest on account 2. 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 is Journal entry worksheet > Received $34,000 cash from the investors who organized Down, Incorporated Record the transaction Note the one or Transaction General Journal Debit Crect Record entry Clear entry Viewer a Received $34.000 cash from the investors who organized Down, Incorporated b. Borrowed $19.000 cash and signed a note due in two years c Ordered equipment costing $16,000. Purchased $10,000 in equipment paying $2,000 in cash and signing a six-month note for the balance, e. Received the equipment ordered in (6. paid for half of it, and put the rest on account 2. Prepare Journal entries for each transaction of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field) View transaction list Journal entry worksheet 4 2 Borrowed 519,000 cash and signed a note due in two years. Record the transaction. D Noter enter debts before credits General Journal Debit Credit Transaction b Record entry Clear entry View general Journal a Received 534,000 cash from the investors who organized Down. Incorporated b. Borrowed $19.000 cash and signed a note due in two years c. Ordered equipment costing 516,000 d. Purchased $10.000 in equipment paying $2,000 in cash and signing a six-month note for the balance e Received the equipment ordered in a paid for half of it and put the rest on account 2. Prepare Journal entries for each transaction of no entry is required for transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Journal entry worksheet Ordered equipment costing $16.000. Record the transaction Note Enfer debits before credits Transaction General Journal Debit Credit e Record entry Clear entry View general Journal a Received $34.000 cash from the investors who organized Down, Incorporated 6 Borrowed 519,000 cash and signed a note due in two years. c Ordered equipment costing $16.000 d Purchased $10,000 in equipment, paying $2,000 in cash and signing a six-month note for the balance. e Received the equipment ordered in (q. paid for half of it and put the rest on account 2. 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 Journal entry worksheet