please help me solve and explain

Required information E2-11 Recording Journal Entries and Preparing a Classified Balance Sheet (LO 2-1, LO 2-2, LO 2-5) Assume Down, Inc., was organized on May 1 to compete with Despair, Inc.-a company that sells de- motivational posters and office products. Down, Inc., encountered the following events during its first month of operations. a Received $39,000 cash from the investors who organized Down, Inc. b. Borrowed $18,000 cash and signed a note due in two years. c Ordered equipment costing $21,000. d. Purchased $9,000 in equipment, paying $3,000 in cash and signing a six-month note for the balance. e. Received the equipment ordered in (c), paid for half of it, and put the rest on account. E2-11 Part 2 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 2 3 4 5 Received $39,000 cash from the investors who organized Down, Inc. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet