Harrigan Service Company, Inc., was incorporated by Ian Harrigan and five other managers. The following activities occurred during the year:

Received $$64,800$ cash from the managers; each was issued $1,080$ shares.

Purchased equipment for use in the business at a cost of $$28,000$; one$-$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 it $$360$ per week for cleaning the corporate offices, beginning next week.

Ian Harrigan borrowed $$14,000$ for personal use from a local bank, signing a one$-$year note.

Required:

$1.$ Create T$-$accounts for the following accounts: Cash, Equipment, Note Payable, and Contributed Capital. Beginning balances are zero. For each of the above transactions, record its effects in the appropriate T$-$accounts. Include referencing and totals for each T$-$account.