Business, 24.02.2020 18:00 pilararcos

Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $70,000 cash from the five investors who organized Jameson Corporation. Each investor received 100 shares of $10 par value common stock b. Ordered store fixtures costing $15,000. c. Borrowed $18,000 cash and signed a note due in two years. d. Purchased $11,000 of equipment, paying $1.500 in cash and signing a six-month note for the balance e. Lent $2,000 to an employee who signed a note to repay the loan in three months. f Received and paid for the store fixtures ordered into Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.)

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Jameson Corporation was organized on May 1. The following events occurred during the first month. a....