20 Saved Help Save & Exit Submit Check my work Harrigan Service Company, Inc., was incorporated by lan Harrigan and five other managers. The following activities occurred during the year. a. Received $70,200 cash from the managers, each was issued 1,170 shares b. Purchased equipment for use in the business at a cost of $46,000; one-fourth was paid 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 it $630 per week for cleaning the corporate offices, beginning next week. d. lan Harrigan borrowed $18,500 for personal use from a local bank, signing a one year note. Required: 1. Create T-accounts for the following accounts: Cash, Equipment, Note Payable, and Contributed Capital Beginning balances are zero. For each of the above transactions, record its effects in the appropriate T-accounts. Include referencing and totals for each T- account. Cash Equipment Beg bal Beg bal End bal End. bal Note Payable Contributed Capital Ran hal Ren hal Surved Required: 1. Create T-accounts for the following accounts: Cash, Equipment, Note Payable, and Contributed Capital. Beginning b zero. For each of the above transactions, record its effects in the appropriate T-accounts. Include referencing and total account Cash Equipment 0 Beg. bal. Beg. bal. End, bal. End bal. Note Payable Contributed Capital Beg. bal. Beg. bal. End. bal. End bal Prey 2 or 4 Next >