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  3. the following events occurred for johnson company

The following events occurred for Johnson Company este action.com a. Received investment of cash by...

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Accounting

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The following events occurred for Johnson Company este action.com a. Received investment of cash by organizers and distributed to them 1.100 shares of 1 par value common stock with a market price of $20 pershan b. Purchased $8,300 of equipment, paying $1.100 in cash and owing the rest on accounts payable to the manufacturer c. Borrowed $13.000 cash from a bank d. Looned $1.400 to an employee who signed a note Purchased $21.514 of land, paid $5,000 in cash and signed a mortgage not for the balance Required: For each of the events (a) through perform transaction analysis and indicate the account amount and direction of the effect (for increase and for detecting the accounting equation remains in balance after each transaction fine impact on accounting equation leave cells blank.) Transaction Aasta Cash Llabilities 23,200 Stockholders b Equipment 8.300 Accounts payable Cash 13.000 Thots payable d Cash 0. hand 21.514 Mortgage notes payable Hints References eBook & Resources Hint Ask your instructor a question Check my work

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