Recording Journal Entries Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $70,000 cash and a building valued at $250,000 from the five investors who organized Jameson Corporation. Each investor received 100 shares of $10 par value common stock. b. Ordered store fixtures costing $15,000. c. Borrowed $18,000 cash and signed a note due in two years. d. Purchased $11,000 of equipment, paying $1,500 in cash and signing a six-month note for the balance. e. Lent $2,000 to an employee who signed a note to repay the loan in three months. f. Received and paid for the store fixtures ordered in (b)