You received partial credit in the previous attempt. The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,000 shares of $1 par value common stock with a market price of $40 per share. b. Purchased $15,000 of equipment, paying $3,000 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $10,000 cash from a bank. d. Loaned $800 to an employee who signed a note. e. Purchased $13,000 of land; paid $4,000 in cash and signed a note for the balance. 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.) No Transaction General Journal Credit Debit 40,000 1 a. Cash 2 b. 15,000 Equipment Cash 3,000 No Transaction General Journal Debit Credit 1 a. Cash 40,000 x d 2 b. 15,000 Equipment Cash 3,000 3 C. Cash 10,000 4 d. 800 Notes receivable Cash 800 5 e. Land 13,000 Cash 4,000