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  3. the following events occurred for johnson company:

The following events occurred for Johnson Company: Received investment of cash...

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Accounting

The following events occurred for Johnson Company:
Received investment of cash by organizers and distributed to them 1,100 shares of $1 par value common stock with a market price of $25 per share.
Leased $8,200 of equipment, paying $1,500 in cash and signing a long-term right-of-use lease for the rest owed.
Borrowed $13,000 cash from a bank.
Loaned $1,200 to an employee who signed a note due in six months.
Purchased $16,016 of land; paid $9,000 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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