Nathanson Corporation was organized on May 1, 2014. The following events occurred during the first month. a. Received $67,000 cash from the five investors who organized Jameson Corporation. Each investor received 107 shares of $10 par value common stock.
b. Ordered store fixtures costing $17,000.
c. Borrowed $17,000 cash and signed a note due in two years.
d. Purchased $14,000 of equipment, paying $1,300 in cash and signing a six-month note for the balance.
e. Lent $1,700 to an employee who signed a note to repay the loan in three months.
f. Received and paid for the store fixtures ordered in (b).

Required:
Prepare journal entries for each transaction.

answer; organization;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.