Help Save & Exit Submit Check my work The following events occurred for Favata Company: a. Received $13,500 cash from owners and issued stock to them. b. Borrowed $10,500 cash from a bank and signed a note due later this year. c. Bought and received $1,150 of equipment on account d. Purchased land for $19,000; paid $1,700 in cash and signed a long-term note for $17,300. e. Purchased $6,500 of equipment: paid $1,700 In cash and charged the rest on account louisir N Required: For each of the events in above, prepare journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 3 4 Received $13,500 cash from owners and issued stock to them, Record the transaction. Note: Enter debits before credits General Journal Debit Credit Transaction View transaction list Journal entry worksheet View transaction list nces Journal entry worksheet Bought and received $1,150 of equipment on account. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit View transaction list Journal entry worksheet Purchased land for $19,000; paid $1,700 in cash and signed a long-term note for $17,300. Record the transaction. Note: Enter debits before credits Transaction General Journal Debit Credit View transaction list ces Journal entry worksheet 1 2 3 Purchased $6,500 of equipment; paid $1,700 in cash and charged the rest on account. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit