J.K. Builders was incorporated on July 1. a. Recelved $73 , 000 cash invested by owners and issued common stock; b. Bought an unused field from a local farmer by paying $63 , 000 cash. As a construction site for smaller projects, it is estimated to be worth $68 , 000 to J.K. Builders. c. A lumber supplier delivered lumber supplies to J.K, Bullders for future use. The lumber supplies would have normally sold for $13 , 000 , but the supplier gave J.K. Buliders a 8 percent discount. J.K. Builders has not yet received the $11 , 960 bill from the supplier. d. Borrowed $28 , 000 from the bank with a plan to use the funds to build a small workshop in August. The loan must be repaid in two years. e. One of the owners sold $13 , 000 worth of his common stock to another shareholder for $14 , 000 . Prepare journal entries for the above transactions from the first month of business. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) select "No Journal Entry Required" in the first account field.) Journal entry worksheet 4 5 Received $73 , 000 cash invested by owners and issued common stock. Record the transaction. Note: Enter debits before credits