Prepare journal entries to record each of the following transactions for the month of January:

a: Borrowed $30,000 from a local bank; the loan is due in 9 months.

b: Lent $13,000 to an affiliate; accepted a note due in one year.

c: Sold to investors 110 additional shares of stock with a par value of $0.10 per share and a market price of $20 per share; received cash.

d: Purchased $23,000 of equipment, paying $8,300 cash and signing a note for the rest due in one year.

e: Declared $7,500 in cash dividends to stockholders, to be paid in February.