The following events occurred for Favata Company. a. Received $17,500 cash from owners and issued stock to them. b. Borrowed $14,500 cash from a bank and signed a note due later this year. c. Bought and received $1,550 of equipment on account. d. Purchased land for $27000; paid $2.500 in cash and signed a long-term note for $24.500. e. Purchased $10,500 of equipment; paid $2.500 in cash and charged the rest on account Required: For each of the events in above, prepare journal entrie Required" in the first account field.) View transaction list Journal entry worksheet Received $17,500 cash from owners and issued stock to them. Record the transaction Note: Enter debits before credits. Transaction General Journal Debit Credit K Prev 3 of 12 Next