The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,200 shares of $1 par value common stock with a market price of $45 per share. b. Leased $8,000 of equipment, paying $1,500 in cash and signing a long-term right-of-use lease for the rest owed. cBorrowed $13,000 cash from a bank d. Loaned $1,300 to an employee who signed a note due in six months. e. Purchased $20,000 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. View transaction list Journal entry worksheet Record the $8,000 lease of equipment with $1,500 cash and the rest on long- term right-of-use lease. Note: Enter debits before credits General Journal Transaction b Debit Credit Clear entry View general journal Record entry The following events occurred for Johnson Company, a. Received investment of cash by organizers and distributed to them 1,200 shares of $1 par value common stock with a market price of $45 per share. b. Leased $8,000 of equipment, paying $1,500 in cash and signing a long-term right-of-use lease for the rest owed. c. Borrowed $13,000 cash from a bank d. Loaned $1,300 to an employee who signed a note due in six months. e. Purchased $20,000 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. View transaction list Journal entry worksheet