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

1. Borrowed $26,500 from a local bank.

2. Lent $11,000 to an affiliate; accepted a note due in one year.

3. Sold to investors 110 additional shares of stock with a par value of $0.10 per share and a market price of $10 per share; received cash.

4. Purchased $34,000 of equipment, paying $5,700 cash and signing a note for the rest due in one year.

5. Declared $1,800 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 800 Notes Receivable 2,300 Beg. Bal. Beg. Bal. End. Bal. 2,300 End. Bal. 800 Notes Payable Equipment 17,000 Beg. Bal. Beg. Bal. 1,500 End. Bal. 17,000 End. Bal. 1,500 Dividends Payable Common Stock Beg. Bal. Beg. Bal. 2,650 End. Bal. End. Bal. 2,650 Additional Paid-in Capital 1,100 Retained Earnings 14,850 Beg. Bal. Beg. Bal. End. Bal. 1,100 End. Bal. 14,850