The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,180 shares of $1 par value common stock with a market price or $5 per share. b. Purchased $9,000 of equipment paying $1,300 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $10,000 cash from a bank. d. Loaned $1,200 to an employee who signed a note. e. Purchased $15,000 of land, paid $5,000 in cash and signed a mortgage note for the balance. Prepare journal entries for the above transactions (If no entry is required for a transaction/event select "No journal entry required" in the first account field.) Record the receipt of cash and the distribution of 1,180 shares of $1 par value common stock with a market price of $5 per share