Hello,

I keep getting stuck on the incorrect parts. Can someone please explain how to solve these?

Thank you!

The following information applies to the questions displayed below.) Granger Service Company, Inc., was organized by Ted Granger and five other investors. The following activities occurred during the year: a. Received $70,000 total cash from the six investors, each investor was issued 8,400 shares of common stock with a par value of $0.10 per share. b. Purchased equipment for use in the business at a cost of $18,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months). c. Signed an agreement with a cleaning service to pay $120 per week for cleaning the corporate offices next year. d. Received an additional contribution from investors who provided $3,000 in cash and land valued at $15,000 in exchange for 1,000 shares of stock in the company. e. Lent $2,500 to one of the investors who signed a note due in six months. f. Ted Granger borrowed $7,000 for personal use from a local bank, signing a one-year note. value: 1.00 points Required information Required: 1. Create T-accounts for the following accounts: Cash, Notes Receivable, Equipment, Land, Notes Payable, Common Stock, and Additional Paid-in Capital. Beginning balances are $0. For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts. Include good referencing for each T-account (i.e., use the drop down menus on the debit or credit side of the T-account to reference the letter of the transaction to which the entry applies). Common Stock Beg. Bal. Notes Payable 0 13,500 Beg. Bal. 0 (b) 5,040 100 (a) (d) End. Bal. 13,500 End. Bal. 5,140 Additional Paid-in Capital Beg. Bal. 64,960 2,900 15,000 82,860 (a) (d) (d) End. Bal. Regulilu. 1. Create T-accounts for the following accounts: Cash, Notes Receivable, Equipment, Land, Notes Payable, Common Stock, and Additional Paid-in Capital. Beginning balances are $0. For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts. Include good referencing for each T-account (i.e., use the drop down menus on the debit or credit side of the T-account to reference the letter of the transaction to which the entry applies). Answer is complete but not entirely correct. Notes Receivable Beg. Bal. Beg. Bal. (e) 2,500 Cash 0 64,960 100 2,900 60,960 (d) 4,500 2,500 (6) (e) (d) End. Bal. End. Bal. 2,500 Equipment 0 4,500 13,500 18,000 Beg. Bal. (d) Land O 15,000 Beg. Bal. (b) (b) End. Bal. End. Bal. 15,000 table