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The following events occurred for Johnson Company: a . Received investment of cash by organizers and distributed to them 1 , 0 3 0 shares

The following events occurred for Johnson Company:
a. Received investment of cash by organizers and distributed to them 1,030 shares of $1 par value common stock with a market price of $35 per share.
b. Leased $7,000 of equipment, paying $1,200 in cash and signing a long-term right-of-use lease for the rest owed.
c. Borrowed $7,000 cash from a bank.
d. Loaned $900 to an employee who signed a note due in six months.
e. Purchased $15,000 of land; paid $9,000 in cash and signed a note for the balance.
Required:
Prepare journal entries for the above transactions.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
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