Following are the transactions of Dennen, Inc., for the month of January.

1. Borrowed $29,000 from a local bank.

2. Lent $10,000 to an affiliate; accepted a note due in one year.

3. Sold to investors 90 additional shares of stock with a par value of $0.10 per share and a market price of $25 per share; received cash.

4. Purchased $25,000 of equipment, paying $4,900 cash and signing a note for the rest due in one year.

5. Declared and paid $1,300 in dividends to stockholders.

For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts and determine ending account balances. Beginning balances are provided.

Cash 900 Notes Receivable 1,300 Beg. Bal. Beg. Bal. End. Bal. 1,300 End. Bal. 900 Notes Payable Equipment 17,000 Beg. Bal. Beg. Bal. 1,700 End. Bal. 17,000 End. Bal. 1,700 Common Stock Additional Paid-in Capital 1,000 Beg. Bal. 2,900 Beg. Bal. End. Bal. 2,900 End. Bal. 1,000 Retained Earnings 11,300 Beg. Bal. End. Bal. 11,300