Subject: acounting The following events occurred for Johnson Company:a. Received investment of cash by organizers and distributed to them 1,180 shares of $1 par value common stock with a marketprice of $5 per share.b. Leased $8,400 of equipment, paying $1,900 in cash and signing a long-term right-of-use lease for the rest owed.c. Borrowed $11,000 cash from a bank.d. Loaned $1,300 to an employee who signed a note due in six months.e. Purchased $16,636 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 accountingequation 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 cellsblank.Eventa.a.b.b.C.C.d.d.e.e.CashAssetsCashOperating lease right-of-use assetsCashCashNote receivableLandCash==== Accounts receivable== Notes payable====LiabilitiesNotes payable++ Common stock+ Additional paid-in-capital+++++++Stockholders' Equity+

Name: Subject: acounting The following events occurred for Johnson Company:a
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Subject: acounting The following events occurred for Johnson Company:a. Received investment of cash by organizers and distributed to them 1,180 shares of $1 par value common stock with a marketprice of $5 per share.b. Leased $8,400 of equipment, payi