Required: 1. \& 2. Post the current year transactions to T-accounts for each of the accounts on the balance sheet. Required information [The following information applies to the questions displayed below.] Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: During the current year, the company had the following summarized activities: a. Purchased short-term investments for $7,500 cash. b. Lent $6,100 to a supplier, who signed a two-year note. c. Leased equipment that cost $25,000; paid $4,400 cash and signed a five-year right-of-use lease for the balance. d. Hired a new president at the end of the year. The contract was for $95,000 per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January 1 of next year. e. Issued an additional 1,400 shares of $0.50 par value common stock for $14,000 cash. f. Borrowed $20,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,400 cash. h. Built an addition to the factory for $22,000; paid $7,100 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $1,000. Required: 1. \& 2. Post the current year transactions to T-accounts for each of the accounts on the balance sheet. Required information [The following information applies to the questions displayed below.] Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: During the current year, the company had the following summarized activities: a. Purchased short-term investments for $7,500 cash. b. Lent $6,100 to a supplier, who signed a two-year note. c. Leased equipment that cost $25,000; paid $4,400 cash and signed a five-year right-of-use lease for the balance. d. Hired a new president at the end of the year. The contract was for $95,000 per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January 1 of next year. e. Issued an additional 1,400 shares of $0.50 par value common stock for $14,000 cash. f. Borrowed $20,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,400 cash. h. Built an addition to the factory for $22,000; paid $7,100 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $1,000