On 2 May 2018, Danielle Merla began a new business, called Decoring Inc., a design studio. The following six transactions were completed by the business during May:

2 May Issued to Danielle 1,000 shares of capital stock in exchange for his investment of 400,000 cash.

3 May Purchased land and a building for 900,000 paying 200,000 cash and signing a note payable for the balance. The land was considered to be worth 600,000 and the building 300,000.

9 May Installed special insulation and moisture treatment throughout most of the building at a cost of 110,000. Paid 90,000 cash and agreed to pay the balance in 60 days. Danielle considers these items to be additional costs of the building.

12 May Purchased furnishings costing 40,000 and machines equipment costing 70.000 from Howarths. Paid 36.000 cash with the balance due in 30 days.

19 May Borrowed 160,000 from a bank.

26 May Paid the full amount of the liability to Howarths arising from the purchases on 12 May above.

28 May Billed customers 36.000 for services performed.

Prepare the T accounts for the above transactions.