E$2-13($Static$)$ Recording Journal Entries LO$2-4$

Jameson Corporation was organized on May $1.$ The following events occurred during the first month.

Received $$70,000$ cash and a building valued at $$250,000$ from the five investors who organized Jameson Corporation. Each investor received $100$ shares of $$10$ par value common stock.

Ordered store fixtures costing $$15,000.$

Borrowed $$18,000$ cash and signed a note due in two years.

Purchased $$11,000$ of equipment, paying $$1,500$ in cash and signing a six$-$month note for the balance.

Lent $$2,000$ to an employee who signed a note to repay the loan in three months.

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.

Required:

Using the T$-$accounts, record the effects of transactions by Bailey Delivery Company.

Please put the answer into charts.