Business, 19.02.2021 16:40 Kennabug4503

Nathanson Corporation was organized on May 1, 2014. The following events occurred during the first month. a. Received $67,000 cash from the five investors who organized Jameson Corporation. Each investor received 107 shares of $10 par value common stock.
b. Ordered store fixtures costing $17,000.
c. Borrowed $17,000 cash and signed a note due in two years.
d. Purchased $14,000 of equipment, paying $1,300 in cash and signing a six-month note for the balance.
e. Lent $1,700 to an employee who signed a note to repay the loan in three months.
f. Received and paid for the store fixtures ordered in (b).

Required:
Prepare journal entries for each transaction.

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Nathanson Corporation was organized on May 1, 2014. The following events occurred during the first m...

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