Business
Business, 06.10.2019 09:02, jeremiah52

Jameson corporation was organized on may 1. the following events occurred during the first month. received $68,000 cash from the five investors who organized jameson corporation. each investor received 103 shares of $10 par value common stock. ordered store fixtures costing $19,000. borrowed $17,000 cash and signed a note due in two years. purchased $18,000 of equipment, paying $1,500 in cash and signing a six-month note for the balance. lent $1,600 to an employee who signed a note to repay the loan in three months. 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 field.)

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