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 $$8,600$ cash.

b$.$ Lent $$6,100$ to a supplier, who signed a two$-$year note.

c$.$ Leased equipment that cost $$22,000$; paid $$4,500$ 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 $$90,000$ 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 $1,200$ shares of $$0\mathrm{.}50$ par value common stock for $$18,000$ cash.

f$.$ Borrowed $$13,000$ cash from a local bank, payable in three months.

g$.$ Purchased a patent $($an intangible asset$)$ for $$1,600$ cash.

h$.$ Built an addition to the factory for $$25,000$; paid $$8,300$ in cash and signed a three$-$year note for the balance.

i$.$ Returned defective equipment to the manufacturer, receiving a cash refund of $$2,900.$

Prepare Journal Entries using the information above. Prepare T$-$Charts unsing the information above.