Following are the transactions of Dennen, Inc., for the month of January. Borrowed $30,000 from a local bank. Lent $10,000 to an affiliate; accepted a note due in one year. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $5 per share; received cash. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest due in one year. Declared and paid $2,000 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.

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 Notes Receivable Beg. Bal. 900 Beg. Bal 1,000 30,000 10,000 10,000 End. Bal 11,000 End. Bal. 20,900 Equipment 15,100 Notes Payable Beg. Bal. Beg. Bal 3,000 30,000 End. Bal 15,100 End. Bal 33,000 Common Stock Additional Paid-in Capital Beg. Bal. ,000 Beg. Bal 3,000 End. Bal. 1,000 End. Bal 3,000 Retained Earnings Beg. Bal. 10,000 End. Bal. 10,000