The following events occurred for Johnson Company: Received investment of cash by organizers and distributed to them 1,040 shares of $1 par value common stock with a market price of $25 per share.
Purchased $7,400 of equipment, paying $1,300 in cash and owing the rest on accounts payable to the manufacturer.
Borrowed $8,000 cash from a bank.
Loaned $1,500 to an employee who signed a note.
Purchased $16,317 of land; paid $7,000 in cash and signed a note for the balance.
Required:For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and ? for decrease) on the accounting equation. Check that the accounting equation remains in balance after each transaction. (If no impact on accounting equation leave cells blank.)

For example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms. if expresso decides to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if expresso decides not to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. both firms will choose not to advertise.