Question: 2. Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select No Journal Entry Required in the first account field.)

2.Prepare journal entries for each transaction.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Journal entry worksheet Received $?D,D cash from the investors who organized Downer. corn Corporation. Note: Enter debits before credits. Record entry:r Elear entry View general journal Journal entry worksheet 3 4 5 Borrowed $25,000 cash and signed a note due in two years. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journalJournal entry worksheet 1 2 3 4 5 Ordered computer equipment costing $18,500. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journalJournal entry worksheet 1 2 3 5 Purchased $11,500 in equipment, paying $3,000 in cash and signing a six- month note for the balance. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general journalJournal entry worksheet Received the equipment ordered in {c}, paid for half of it, and put the rest on account. Note: Enter debits before credits. Elear e ntry View general journal

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