I am having trouble coming up with the remaining numbers andtransaction name.ER Uetermining Statement Emects on 5everal iransactions LO2-3 The following events occumed for Johnson Company a. Received investment of cash by organizers and distributed to them 1.150 shares of$1 par value common stock with a market price of$20per share. b. Purchased S7.300 of equipment, paying $1.800 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $11,000 cash from a bank. d. Loaned $700 to an employee who signed a note. e. Purchased $21,083 of land paid $7.000 in cash and signed a mortgage note for the balance. Required For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect for increase and for decrease) on t accounting equation. Check that the accounting equation remains in balance after each transaction (if no impact on accounting equation leave cells blank) Stockholders Equity Liabilities Cash Equipment 7,300 Accounts payable 5500 b Notes receivable 700 e. Land 21.083 Mortgage notes payable Cash Show transcribed image text ER Uetermining Statement Emects on 5everal iransactions LO2-3 The following events occumed for Johnson Company a. Received investment of cash by organizers and distributed to them 1.150 shares of$1 par value common stock with a market price of$20per share. b. Purchased S7.300 of equipment, paying $1.800 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $11,000 cash from a bank. d. Loaned $700 to an employee who signed a note. e. Purchased $21,083 of land paid $7.000 in cash and signed a mortgage note for the balance. Required For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect for increase and for decrease) on t accounting equation. Check that the accounting equation remains in balance after each transaction (if no impact on accounting equation leave cells blank) Stockholders Equity Liabilities Cash Equipment 7,300 Accounts payable 5500 b Notes receivable 700 e. Land 21.083 Mortgage notes payable Cash
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