The following transactions are for the Main Construction Corporation:

a. b. Cc soo mo The firm purchased land for $300,000, $90,000 of which was paid in cash and a note payable signed for the balance. The firm bought equipment for $75,000 on credit. The firm paid $15,000 it owed to its suppliers. The firm arranged for a $100,000 line of credit (the right to borrow funds as needed) from the bank. No funds have yet been borrowed. One of the primary investors borrowed $50,000 from a bank. The loan is a personal loan. The firm borrowed $65,000 on its line of credit. The firm issued a $5,000 cash dividend to its stockholders. An investor invested an additional $80,000 in the company in exchange for additional capital stock. The firm repaid $7,500 of its line of credit. The firm sold some of its products for $15,000—$5,000 for cash, the remainder on account. Cost of sales in (j) are $8,000. The firm received a $1,000 deposit from a customer for a product to be sold and delivered to that customer next month. Analyze and record the transactions as journal entries. (Omit explanations.)