Required information [The following information applies to the questions displayed below.) Laser Delivery Services, Incorporated (LDS), was incorporated January 1. The following transactions occurred during the year: a. Received $27,000 cash from the company's founders in exchange for common stock. b. Purchased land for $9,000, signing a two-year note (ignore interest). c. Bought two used delivery trucks at the start of the year at a cost of $9,000 each; paid $2,000 cash and signed a note due in three years for $16,000 (ignore interest). d. Paid $800 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. e. Stockholder Jonah Lee paid $220,000 cash for a house for his personal use. Debit Beginning Balance Cash Ending Balance Debit Beginning Balance Ending Balance Credit Equipment Debit Credit Beginning Balance Ending Balance Land Notes Payable Credit Debit Credit Beginning Balance Common Stock Debit Credit Beginning Balance Ending Balance Ending Balance