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Jameson Corporation was organized on May 1- The following events occur.docx

Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Recelved $65 , 000 cash and a building valued at $255 , 000 from the five investors who organized Jameson Corporation. Each investor received 106 shares of $10 par value common stock. b. Ordered store fixtures costing $10 , 000 . c. Borrowed $14 , 000 cash and signed a note due in two years. d. Purchased $20 , 000 of equipment, paying $1 , 700 in cash and signing a six-month note for the balance. e. Lent $1 , 800 to an employee who signed a note to repay the loan in three months. 7. Received and paid for the store fixtures ordered in (b). Required: Prepare journal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2 3 4 5 6 Record the recelpt of $65 , 000 cash and a bulding valued at $255 , 000 from five investors who each recelved 106 shares of $10 par value common stock. Journal entry worksheet 6 Record the receipt of $65 , 000 cash and a building valued at $255 , 000 from five investors who each recelved 106 shares of $10 par value common stock. Note: Enter debits before credits. .

Jameson Corporation was organized on May 1- The following events occur.docx

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Jameson Corporation was organized on May 1. The following events occurred during the first
month. a. Recelved $65 , 000 cash and a building valued at $255 , 000 from the five investors
who organized Jameson Corporation. Each investor received 106 shares of $10 par value
common stock. b. Ordered store fixtures costing $10 , 000 . c. Borrowed $14 , 000 cash and
signed a note due in two years. d. Purchased $20 , 000 of equipment, paying $1 , 700 in cash and
signing a six-month note for the balance. e. Lent $1 , 800 to an employee who signed a note to
repay the loan in three months. 7. Received and paid for the store fixtures ordered in (b).
Required: Prepare journal entries for each transaction. Note: If no entry is required for a
transaction/event, select "No journal entry required" in the first account field. Journal entry
worksheet 2 3 4 5 6 Record the recelpt of $65 , 000 cash and a bulding valued at $255 , 000 from
five investors who each recelved 106 shares of $10 par value common stock. Journal entry
worksheet 6 Record the receipt of $65 , 000 cash and a building valued at $255 , 000 from five
investors who each recelved 106 shares of $10 par value common stock. Note: Enter debits
before credits.
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  • 1. Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Recelved $65 , 000 cash and a building valued at $255 , 000 from the five investors who organized Jameson Corporation. Each investor received 106 shares of $10 par value common stock. b. Ordered store fixtures costing $10 , 000 . c. Borrowed $14 , 000 cash and signed a note due in two years. d. Purchased $20 , 000 of equipment, paying $1 , 700 in cash and signing a six-month note for the balance. e. Lent $1 , 800 to an employee who signed a note to repay the loan in three months. 7. Received and paid for the store fixtures ordered in (b). Required: Prepare journal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2 3 4 5 6 Record the recelpt of $65 , 000 cash and a bulding valued at $255 , 000 from five investors who each recelved 106 shares of $10 par value common stock. Journal entry worksheet 6 Record the receipt of $65 , 000 cash and a building valued at $255 , 000 from five investors who each recelved 106 shares of $10 par value common stock. Note: Enter debits before credits.