The following events occurred for Johnson Company: Received investment of cash by organizers and distributed to them 1,040 shares of $1 par value common stock with a market price of $15 per share. Leased $7,700 of equipment, paying $1,800 in cash and signing a long-term right-of-use lease for the rest owed. Borrowed $13,000 cash from a bank. Loaned $600 to an employee who signed a note due in six months. Purchased $16,739 of land; paid $6,000 in cash and signed a note for the balance