Following are the transactions of JonesSpa Corporation, for the month of January.

1. Borrowed $21,500 from a local bank.

2. Lent $9,000 to an affiliate; accepted a note due in one year.

3. Sold to investors 70 additional shares of stock with a par value of $0.10 per share and a market price of $15 per share; received cash.

4. Purchased $19,000 of equipment, paying $5,700 cash and signing a note for the rest due in one year.

5. Declared $2,000 in cash dividends to stockholders, to be paid in February.

For each of the preceding transactions, post the effects of the transaction in the appropriate T-accounts. Beginning balances are provided.

Cash Notes Receivable 800 Beg. Bal. 1,600 21,500 Beg. Bal. (a) (c) (c) 7 1,043 End. Bal. 1,600 End. Bal. 23,350 Notes Payable Equipment 24,000 Beg. Bal. Beg. Bal. 2,500 End. Bal. 24,000 End. Bal. 2,500 Dividends Payable Common Stock Beg. Bal. 0 Beg. Bal. 2,150 End. Bal. End. Bal. 2,150 Additional Paid-in Capital Retained Earnings 20,850 Beg. Bal. 900 Beg. Bal. End. Bal. 900 End. Bal. 20,850