The following events occurred for Johnson Company: a. Received investment of cash by organizers...
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Accounting
The following events occurred for Johnson Company: a Received investment of cash by organizers and distributed to them shares of $ par value common stock with a market price of $ per share. b Leased $ of equipment, paying $ in cash and signing a longterm rightofuse lease for the rest owed. c Borrowed $ cash from a bank. d Loaned $ to an employee who signed a note due in six months. e Purchased $ of land; paid $ in cash and signed a note for the balance. Required: For each of the events a through e perform transaction analysis and indicate the account and amount. Check that the accounting equation remains in balance after each transaction. Note: Enter decreases to an element of the balance sheet with a minus sign. If no impact on accounting equation leave cells blank. 
The following events occurred for Johnson Company:
a Received investment of cash by organizers and distributed to them shares of $ par value common stock with a market price of $ per share.
b Leased $ of equipment, paying $ in cash and signing a longterm rightofuse lease for the rest owed.
c Borrowed $ cash from a bank.
d Loaned $ to an employee who signed a note due in six months.
e Purchased $ of land; paid $ in cash and signed a note for the balance.
Required:
For each of the events a through e perform transaction analysis and indicate the account and amount. Check that the accounting equation remains in balance after each transaction.
Note: Enter decreases to an element of the balance sheet with a minus sign. If no impact on accounting equation leave cells blank.
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