Required information [The following information applies to the questions displayed below] Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS) A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. a. Received $80,000 cash when issuing 8,000 new common shares. b. Purchased land by paying $2,000 cash and signing a note payable for $7,000 due in three years. c. Hired a new aesthetician for a salary of $1,000 a month, starting next month. d. NGS purchased a company car for $18,000 cash (list price of $21,000) to assist in running errands for the business. e. Bought and received $1,000 in supplies for the spa on credit f Paid $350 of the amount owed in (e) g. Nicole sold 100 of her own personal shares to Raea Gooding for $300 2. Assuming that the beginning balances in each of the accounts are zero, complete T-accounts to summarize the transactions in (a)- (9) Cash Debit Credit 00 80,000 59,650 d 350 1 Beginning Balance a. Ending Balance 20,000 Equipment 00 Answer is not complete. Supplies Debit Credit Beginning Balance 00 0. O 1,000 Ending Balance 1,000 Land Debit Beginning Balance Cash 0 a 80,000 Ending Balance 20,000 Answer is not complete. Credit Debit Beginning Balance 59,650. d. e. 350 f Equipment Debit Credit Beginning Balance 0 d. 18,000 Ending Balance 18,000 Debit Beginning Balance Ending Balance Accounts Payable Credit 300 350 50 Debit. Beginning Balance 9 Common Stock 0 6 Ending Balance. Credit 80,000 80,000 Supplies Credit 0 1,000 Ending Balance 1,000 Land Debit Credit Beginning Balance 09 b. 9,000- Ending Balance 9,000 Notes Payable (long-term) Debit Credit Beginning Balance 00 7,000 D Ending Balance 7,000