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help in all the parts Required Information E2-9 (Algo) Analyzing the Effects of Transectlons In T-Accounts LO2-4 [The following information applies to the questions displayed

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Required Information E2-9 (Algo) Analyzing the Effects of Transectlons In T-Accounts LO2-4 [The following information applies to the questions displayed below.] Griffin Service Company, Incorporated, was organized by Bennett Griffin and five other Investors (that Is, slx in total). The following activitles occurred during the year: a. Recelved $86,000 cash from the sIx Investors; each Investor was Issued 10,000 shares of common stock with a par value of $0.10 per share. b. Signed a five-year lease for $174,000 for the right to use a bullding each year. c. Purchased equipment for use in the business at a cost of $34,000; one-fourth was paid in cash and the company signed a note for the balance (due In six months). d. Signed an agreement with a cleaning service to pay $280 per week for cleaning the corporate offices next year. e. Recelved an additional contribution from Investors who provided $4,600 in cash and land valued at $31,000 in exchange for 2600 shares of stock in the company. f Lent $4,100 to one of the Investors, who signed a note due In six months. g. Bennett Gnffin borrowed $8,600 for personal use from a local bank, signing a one-year note. E2-9 Part 1 Required: 1. For each of the preceding transactions, record the effects of the transaction in the approprlate T-accounts

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