W Assignments: FA20: INTRO TO M/ X W McGraw-Hill Connect X Connect * *Homework Help - Q&A from Onl x + X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWind... G Chapter 2 Connect Homework i Saved Help Save & Exit Submit Check my work 8 The following events occurred for Johnson Company: a. Received investment of cash by organizers and distributed to them 1,160 shares of $1 par value common stock with a market 10 price of $30 per share. points b. Purchased $7,600 of equipment, paying $2,000 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $8,000 cash from a bank. d. Loaned $800 to an employee who signed a note. e. Purchased $23,000 of land; paid $9,000 in cash and signed a note for the balance. Book 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 2 3 4 5 Record the receipt of cash and the distribution of 1,160 shares of $1 par value common stock with a market price of $30 per share Note: Enter debits before credits. Transaction General Journal Debit Credit a. Mc Graw Education < Prey. 8 of 10 Next > Type here to search O cls 11:08 PM 9/4/2020