The following events occurred for johnson company:

1. received investment of cash by organizers and distributed to them 1,000 shares of $1 par value common stock with a market price of $40 per share
2. purchased $15,000 of equipment, paying $3,000 in cash and owing the rest on accounts payable to the manufacturer
3. borrowed $10,000 cash from a bank
4. loaned $800 to an employee who signed a note.
5. purchased $13,000 of land paid $4,000 in cash and signed a mortgage note for the balance

required:
prepare journal entries for the above transactions. (if no entry is required for a transaction/event, write 'no entry required.')

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

Bagwell's net income for the year ended december 31, year 2 was $189,000. information from bagwell's comparative balance sheets is given below. compute the cash received from the sale of its common stock during year 2. at december 31 year 2 year 1 common stock, $5 par value $ 504,000 $ 453,600 paid-in capital in excess of par 952,000 856,600 retained earnings 692,000 585,600