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 $66,000 cash and land valued at $41,000; each investor was issued 2.000 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 $40,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months). c. Lent $4,500 to one of the investors, who signed a note due in six months, d. John Davis purchased a truck for personal use; paid $5,600 down and signed a one-year note for $25,000. e. Paid $15,000 on the note for the construction equipment in (b) (gnore 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts. Cash Notes Receivable Beg Bal 0 Bog. Bal 0 4 Cash Notes Receivable 0 Beg Bat 0 Beg Bal 10 points End Bal End. Bal Land Equipment 0 Beg Bat Beg Bal 0 End. Bal End. Bal Notes Payable Common Stock Beg. Bal 0 Beg Bal End. Bal End. Bal Additional Pald-in Capital 0 Beg Bal End. Bal. aw e. Pala 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, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Using the balances in the T-accounts, fill in the following amounts for the accounting equation: Assets = Liabilities Stockholders' Equity MacBook Air 55,500 down and signed a one-year note for $25,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Compute the market value per share of the stock. (Round your answer to 2 decimal places.) Market value per share per share MacBook Air