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Recording Investing and Financing Activities Kelsey Baker founded GolfDeals.com at the beginning of February. GolfDeals.com sells new and used golf equipment online. The following events

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Recording Investing and Financing Activities Kelsey Baker founded GolfDeals.com at the beginning of February. GolfDeals.com sells new and used golf equipment online. The following events occurred in February: a. Borrowed $30,000 cash from a bank, signing a note due in three years. b. Received investment of cash by organizers and distributed to them 500 shares of $0.10 par value common stock with a market price of $30 per share. c. Leased a warchouse for $115,000, paying $3,000 in cash and signing a 10-year right-of-use lease for the balance. d. Purchased computer and office equipment for $20,000, paying $4,000 in cash and signing a note payable to the manufacturer for the rest. e. Loaned $1,000 to an employee who signed a note due in three months. f. Paid $2,000 to the manufacturers in (d) above. page 89 g. Purchased short-term investments for $10,000cash. Required: For each of the events (a) through (g), prepare journal entries, checking that debits equal credits

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