The following events occurred for Favata Company: a. Received $11,500 cash from owners and issued stock to them. b. Borrowed $8,500 cash from a bank and signed a note due later this year. c. Bought and received $950 of equipment on account. d. Purchased land for $15,000; paid $1,300 in cash and signed a long-term note for $13,700. e. Purchased $4,500 of equipment; paid $1,300 in cash and charged the rest on account. 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.)