Griffin Service Company, Incorporated, was organized by Bennett Griffin and five other investors $($that is$,$ six in total$).$ The following activities occurred during the year:

Received $$82,000$ cash from the six investors; each investor was issued $9,600$ shares of common stock with a par value of $$0\mathrm{.}20$ per share.

Signed a five$-$year lease for $$168,000$ for the right to use a building each year.

Purchased equipment for use in the business at a cost of $$30,000$; one$-$fourth was paid in cash and the company signed a note for the balance $($due in six months$).$

Signed an agreement with a cleaning service to pay $$240$ per week for cleaning the corporate offices next year.

Received an additional contribution from investors who provided $$4,200$ in cash and land valued at $$27,000$ in exchange for $2,200$ shares of stock in the company.

Lent $$3,700$ to one of the investors, who signed a note due in six months.

Bennett Griffin borrowed $$8,200$ for personal use from a local bank, signing a one$-$year note.

$1.$ 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: