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The following events occurmed for Johnson Company a. Received investment of cash by organizers and distrbuted to them 1,050 shares of $1 par value common

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The following events occurmed for Johnson Company a. Received investment of cash by organizers and distrbuted to them 1,050 shares of $1 par value common stock with a market price of $20 per share. b. Purchased $8,300 of equipment, paying $1,300 in cash and owing the rest on accounts payable to the manfacturer C. Borrowed $13,000 cash from a bank. d. Loaned $1,800 to an employee who signed a note e Purchased $24,117 of land, paid $8,000 in cash and signed a mortgage note for the balance Required For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the offect(+for increase and-for decrease) on the accounting equation. Check that the accounting equation remains in balance after each transaction. (Iit no impact on accounting equation leave cells blank.)

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