Required information [The following information applies to the questions displayed below.] Assume Down, Incorporated, was organized on May 1 to compete with Despair, Incorporated-a company that sells de- motivational posters and office products. Down, Incorporated, encountered the following events during its first month of operations. a. Received $33,000 cash from the investors who organized Down, Incorporated b. Borrowed $18,000 cash and signed a note due in two years. c. Ordered equipment costing $15,000. d. Purchased $9,000 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: Beginning a. b. C. d. Assets = Liabilities Stockholders' Equity Short-term Long-term Accounts Common Cash Equipment = Notes Payable Payable Notes Payable + Stock 0 0 => 0 0 0+ + " " = e. = Ending 0 0 = + + + 0 0+ View transaction list Journal entry worksheet 1 2 3 4 5 Received $33,000 cash from the investors who organized Down, Incorporated Record the transaction. Note: Enter debits before credits. Transaction a ces General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet > 1 2 3 4 5 Borrowed $18,000 cash and signed a note due in two years. Record the transaction. Note: Enter debits before credits. Transaction b General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3.m 4 5 Ordered equipment costing $15,000. Record the transaction. Note: Enter debits before credits. Transaction C ces General Journal Debit Credit Record entry Clear entry View general journal 3 ed alisact Journal entry worksheet < 1 2 3 5 Purchased $9,000 in equipment, paying $2,000 in cash and signing a six- month note for the balance. Record the transaction. ok Note: Enter debits before credits. nt Transaction General Journal Debit Credit int d rences Record entry Clear entry View general journal > Required information view transaction list Journal entry worksheet < 1 2 3 4 5 Received the equipment ordered in (c), paid for half of it, and put the rest on account. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal