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t rences Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $71,000 cash and a building
t rences Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $71,000 cash and a building valued at $250,000 from the five investors who organized Jameson Corporation. Ea Investor received 105 shares of $10 par value common stock. b. Ordered store fixtures costing $15,000. c. Borrowed $11,000 cash and signed a note due in two years. d. Purchased $22,000 of equipment, paying $1,700 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). Required: Prepare journal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 3 4 5 B Record the receipt of $71,000 cash and a building valued at $250,000 from five investors who each received 105 shares of $10 par value common stock. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal
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