Mulkeen Service Company, Incorporated, was incorporated by Conor Mulkeen and five other managers. The following activities occurred during the year:

a$.$ Received $$56,000$ cash from the managers; each was issued $1,600$ shares of common stock.

b$.$ Purchased equipment for use in the business at a cost of $$10,800$; one$-$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 it $$90$ per week for cleaning the corporate offices, beginning next year.

d$.$ Conor Mulkeen borrowed $$19,000$ for personal use from a local bank, signing a one$-$year note.

Required:

For each of the above transactions, record its effects in the appropriate T$-$accounts. Assume all beginning balances are zero.

$\backslash$table$[[$Cash$,],[$Debit$,,,],[$Beginning Balance,,,$],[,,,],[,,,],[$Ending Balance,,,$]]$

$\backslash$table$[[$Equipment$,],[$Beginning Balance,,$],[,,],[,,],[$Ending Balance,,$]]$