The following events occurred for Johnson Company:

1. Received investment of cash by organizers and distributed to them 1,010 shares of $1 par value common stock with a market price of $25 per share.
2. Purchased $7,700 of equipment, paying $1,700 in cash and owing the rest on accounts payable to the manufacturer.
3. Borrowed $13,000 cash from a bank.
4. Loaned $800 to an employee who signed a note.
5. Purchased $17,000 of land; paid $8,000 in cash and signed a mortgage note for the balance.

Required: Prepare journal entries for the above transactions