Queenashley3232
13.04.2021 •
Business
The following events occurred for Johnson Company: Received investment of cash by organizers and distributed to them 1,170 shares of $1 par value common stock with a market price of $15 per share. Purchased $8,100 of equipment, paying $1,200 in cash and owing the rest on accounts payable to the manufacturer. Borrowed $11,000 cash from a bank. Loaned $700 to an employee who signed a note. Purchased $22,375 of land; paid $9,000 in cash and signed a note for the balance.
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