a. Received $80,000 cash when issuing 8,000 new common shares. b. Purchased land by paying $2,000 cash and signing a note payable for $7,000 due in three years. c. Hired a new aesthetician for a salary of $1,000 a month, starting next month. d. NGS purchased a company car for $18,000 cash (list price of $21,000) to assist in running errands for the business. e. Bought and received $1,000 in supplies for the spa on credit. f. Paid $350 of the amount owed in (e). g. Nicole sold 100 of her own personal shares to Raea Gooding for $300. 2. Assuming that the beginning balances in each of the accounts are zero, complete T-accounts to summarize the transactions in (a)- (9). Cash Supplies Beg. Bal. Beg. Bal. End. Bal. End. Bal. Equipment Land Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accounts Payable Note Payable (long-term) Beg. Bal. Beg. Bal. End. Bal. End. Bal. Common Stock Beg. Bal. End. Bal