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  1. business
  2. accounting
  3. a. received $68.000 cash from the five investors w

a. Received $68.000 cash from the five investors who organized Jameson Corporation. Each investor received...

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Accounting

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a. Received $68.000 cash from the five investors who organized Jameson Corporation. Each investor received 105 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 $20.000 of equipment, paying $1,000 in cash and signing a six-month note for the balance. e. Lent $1.500 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. (If no entry is required for a transaction/event, select "No journal entry required" In the first account fleld.) View transaction list Journal entry worksheet Record the receipt of $68,000 cash from five investors who each received 105 shares of $10 par value common stock. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal

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