Question 2: Red Rocks Corporation was organized on September 1. Red Rocks encountered the following events during the first month of operations. a. Received $65,000 cash from the investors who organized Red Rocks Corporation. b. Borrowed $18,000 cash and signed a note due in two years. c. Ordered equipment costing $15,000. 4 d. Purchased $14,000 in equipment, paying $2,000 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. Required: 1. Prepare journal entries for each transaction.