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The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,020 shares of $1 par value common

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The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,020 shares of $1 par value common stock with a market price of $10 per share. b. Purchased 37,100 of equipment paying $1,700 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $12,000 cash from a bank. d. Laaned $1,500 to an employee who signed a note. . Purchased $20,642 of land, paid $5,000 in cash and signed a mortgage note for the balance Required: For each of the events (a) through (o), perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and for decre the accounting equation remains in balance after each transaction. (If no impact on accounting equation leave cells blank.) Transaction Assets Liabilities Stockholders' Equity b G d e

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