Bailey Delivery Company, Incorporated, was organized in $2021$ in Wisconsin. The following transactions occurred during

the year:

a$.$ Received cash from investors in exchange for $13,000$ shares of stock $($par value of $$1\mathrm{.}00$ per share$)$ with a market

value of $$9$ per share.

b$.$ Purchased land in Wisconsin for $$25,000,$ signing a one$-$year note $($ignore interest$).$

c$.$ Bought two used delivery trucks for operating purposes at the start of the year at a cost of $$11,000$ each; paid

$$2,000$ cash and signed a note due in three years for the rest $($ignore interest$).$

d$.$ Paid $$1,600$ cash to a truck repair shop for a new motor for one of the trucks. $($Increase the account you used to

record the purchase of the trucks because the productive life of the truck has been improved$)$

e$.$ Sold one$-$fourth of the land for $$6,250$ to Pablo Development Corporation, which signed a six$-$month note.

f$.$ Stockholder Helen Bailey paid $$29,500$ cash for a vacant lot $($land$)$ in Canada for her personal use.Required:

Using the T$-$accounts, record the effects of transactions by Bailey Delivery Company.