The following events occurred for Favata Company: a. Received $14,500 cash from owners and issued stock to them. b. Borrowed $11,500 cash from a bank and signed a note due later this year. c. Bought and received $1,250 of equipment on account. d. Purchased land for $21,000; paid $1,900 in cash and signed a long-term note for $19,100. e. Purchased $7,500 of equipment; paid $1,900 in cash and charged the rest on account. Required: For each of the above events, prepare journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 5 Received $14,500 cash from owners and issued stock to them. Record the transaction. Note: Enter debits before credits