a. Borrowed $24,000 from a local bank. b. Lent $11,000 to an affiliate; accepted a note due in one year. c. Sold to investors 80 additional shares of stock with a par value of $0.10 per share and a market price of $20 per share; rece cash. d. Purchased $17,000 of equipment, paying $5,600 cash and signing a note for the rest due in one year. e. Declared $1,400 in cash dividends to stockholders, to be paid in February. For each of the preceding transactions, post the effects of the transaction in the appropriate T-accounts. Beginning balances are provided. Cash Beg. Bal. 900 Beg. Bal. (b) Notes Receivable 1,900 11,000 (a) 24,000 End. Bal. 12,900 End. Bal. 24,900 Notes Payable Equipment 25,000 17,000 Beg. Bal. Beg. Bal. (d) 2,500 (b) 11,000 5,600 11,400 End. Bal. 25,000 End. Bal. 8,500 0 Dividends Payable Common Stock 0 Beg. Bal. 2,400 Beg. Bal. (e) 1,400 End. Bal. 1,400 0 End. Bal. 2,400 Additional Paid-in Capital 1,100 Retained Earnings 21,800 Beg. Bal. Beg. Bal. End. Bal. 1,100 End. Bal. 21,800