The following events occurred for Mitka Ltd$.$:

a$.$ Received investment of $$32,400$ cash by organizers.

b$.$ Purchased land for $$18,800$; paid $$6,400$ in cash and signed a mortgage note with a local bank for the balance $($due in five years$).$

c$.$ Borrowed cash from a bank and signed a note for $$11,400.$

d$.$ Lent $$700$ to an employee who signed a note due in three months.

e$.$ Paid the bank the amount borrowed in $($c$).$

f$.$ Purchased $$8,800$ of equipment, paying $$4,400$ in cash and signing a note due to the manufacturer.

Required:

Prepare journal entries for the above transactions. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

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Record the investment by organizers.