! Required information [The following information applies to the questions displayed below) Laser Delivery Services, Inc. (LDS), was incorporated January 1. The following transactions occurred during the year a. Received $36,000 cash from the company's founders in exchange for common stock b. Purchased land for $10,500, signing a two year note (Ignore interest). c. Bought two used delivery trucks at the start of the year at a cost of $12,000 each paid $3,500 cash and signed a note due in three years for $20,500 (ignore interest). d. Paid $1100 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks e. Stockholder Jonah Lee paid $250,000 cash for a house for his personal use. 3. Show the effects of the journal entries by account, using the T-account. Cash Beg. Bal. Equipment Beg. Bal. End. Bal. End. Bal. Land Notes Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Common Stock Beg. Bal. End. Bal