Business
Business, 25.01.2020 00:31, keilahsalmon

Nathanson corporation was organized on may 1.the following events occurred during the first month: a. $67,000 cash from the five investors who organized nathanson corporation. each investor received 108 shares of $10 par value common stock. b. ordered store fixtures costing $18,000.c. borrowed $17,000 cash and signed a note due in two years. d. purchased $19,000 of equipment, paying $1,300 in cash and signing a six-month note for the balance. e. lent $1,200 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.

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