1. Create T-accounts for the following accounts: Cash, Notes Receivable, Equipment, Land, Notes Payable, Common Stock, and Additional Paid-in Capital. Beginning balances are $0. For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts. Include good referencing and totals for each T-account

2. Using the balances in the T-accounts, fill in the following amounts for the accounting equation:

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1. Creato T-acoounts for the following accounts: Cash, Notes Roceivable, Equipment, Land, Notes Payable, Common Stock, and Additional Paid-in Capital. Beginning balances are $0. For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts. Include good referencing and totals for each T-account. Cash Notes Receivable Required Information Beg. Bal. Beg. Bal. The following information applies to the questions displayed below Granger Service Company, Inc, was organized by Ted Granger and five other investors. The following activities occurred during the year: End. Bal End. Bal. Equipment Land Beg. Bal. Beg. Bal. a. Received $90,000 cash from the investors; each was issued 10,400 shares of capital stock with a par value of $.20 per share. b. Purchased equipment for use in the business at a cost of S38,000; one-fourth was paid End. Bal. End. Bal in cash and the company signed a note for the balance (due in six months). c. Signed an agreement with a cleaning service to pay $320 per week for cleaning the Notes Payable Common Stock corporate offices next year. Beg. Bal Beg. Bal. d. Received an additional contribution from investors who provided $5,000 in cash and land valued at $35,000 in exchange for 3,000 shares of stock in the company. e. Lent $4,500 to one of the investors who signed a note due in six months. Ted Granger borrowed S9,000 for personal use from a local bank, signing a one-year End. Bal. End. Bal note Additional Paid-in Capital Beg. Bal End. Bal