Grady Service Company Inc. was organized by Chris Grady and five other investors. The following events occurred during the year: a. Received $71,100 cash from the investors, each was issued 1,580 shares. b. Purchased equipment for use in the business at a cost of $19,600, one-fourth was paid in cash and the company signed a note for the balance, payable in six months. c. Signed an agreement with a cleaning service to pay it $380 per week for cleaning the corporate offices. d Lent $4,300 to one of the investors, who signed a note due in six months. e. Issued shares to additional investors. who contributed $7,800 in cash and a lot of land valued at \$16,800. f. Paid the amount of the note payable in (b). 9 Chris Grady borrowed $11,800 for personal use from a local bank and signed a note payable in one year. Required: 1. Prepare journal entries for each transaction (if no entry is requited for a transaction/event, select No journal entry required" in the first occount field.) Journal entry worksheet Record the cash received from investors and shares issued to them. Note: Enter debits before credits. 3. Using the balances in the T-accounts, fill in the following amounts for the accounting equation