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:

1. Received $74,000 cash from the six investors; each investor was issued 8,800 shares of common stock with a par value of $0.20 per share.
2. Signed a five-year lease for $156,000 for the right to use a building each year.
3. Purchased equipment for use in the business at a cost of $22,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months).
4. Signed an agreement with a cleaning service to pay $160 per week for cleaning the corporate offices next year.
5. Received an additional contribution from investors who provided $3,400 in cash and land valued at $19,000 in exchange for 1,400 shares of stock in the company.
6. Lent $2,900 to one of the investors, who signed a note due in six months.
7. Bennett Griffin borrowed $7,400 for personal use from a local bank, signing a one-year note.

For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts.