Question
the following events occurred for Johnson Company: a) Received investment of $40.000 cash by organizers and distributed $1, 000 shares of $1 par value common
the following events occurred for Johnson Company:
a) Received investment of $40.000 cash by organizers and distributed $1, 000 shares of $1 par value common stock to them
b) purchase $15,000 of equipment, paying $3,000 in cash and signing a note for the rest.
c) borrowed $ 10,000 cash from a bank
d) loaned $8000 to an employee who signed a note
e) purchased $13,000 of land; paid $4.000 in cash ad signed a mortgage note for the balance
for each even perform transaction analysis and determine of its an event, assets, liabilities and or stockholders equity
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