The following events occurred for Mitka Ltd.: a. Received investment of $33,000 cash by organizers, b. Purchased land for $20,000: paid $7,000 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 $12,000. d. Lent $1,300 to an employee who signed a note due in three months. e. Paid the bank the amount borrowed in (c) Purchased $10,000 of equipment, paying $5,000 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the investment by organizers. Prev 1 of 2 Next >