For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Notes Payable } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Common Stock } \\ \hline Beginning Balance & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} a. Received from three investors $57,000 cash and land valued at $32,000; 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 $52,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months). c. Lent $2,500 to one of the investors, who signed a note due in six months. d. John Davis purchased a truck for personal use; paid $6,800 down and signed a one-year note for $31,000. e. Paid $21,000 on the 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