4 Check my work 1.37 points eBook Hint Print References E2-10 (Algo) Analyzing the Effects of Transactions in T-Accounts LO2-4 Accurate Builders construction company was incorporated by John Davis. Assume the following activities occurred during the year: a. Received from three investors $63,000 cash and land valued at $38,000; each investor was issued 2,500 shares of common stock with a par value of $0.10 per share. b. Purchased construction equipment for use in the business at a cost of $37,000; one- fourth was paid in cash and the company signed a note for the balance (due in six months). c. Lent $3,000 to one of the investors, who signed a note due in six months. d. John Davis purchased a truck for personal use; paid $5,300 down and signed a one- year note for $23,500. e. Paid $13,500 on the note for the construction equipment in (b) (ignore interest). Required: 1. For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts. 2. Using the balances in the T-accounts, fill in the following amounts for the accounting equation: 4. Compute the market value per share of the stock.