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The following events occurred for Johnson Company a. Recolved investment of cash by organizers and distributed to them 1,130 shares of $1 par value common

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The following events occurred for Johnson Company a. Recolved investment of cash by organizers and distributed to them 1,130 shares of $1 par value common stock with a market price of $10 per share b. Purchased $8,200 of equipment, paying $1,700 in cash and owing the rest on accounts payable to the manufacturer c. Borrowed $10,000 cash from a bank d. Loaned $600 to an employee who signed a note e. Purchased $17,849 of land paid $4,000 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 decrease on the accounting equation. Check that the accounting equation remains in balance after each transaction. (If no impact on accounting equation leave cells blank.) Transaction Assets Liabilities Stockholders' Equity a. b. G d. 8

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