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 records reflected the following: Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $24,000 Accounts payable 2,800 Accrued liabilities payable 4,800 Notes payable (current) 33,000 Notes payable (noncurrent) 1,500 Common stock 43,000 Additional paid-in capital 93,000 Retained earnings 3,500 $14,000 2,700 5,300 42,000 9,800 88,200 43,600 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $7,200 cash. b. Lent $5,400 to a supplier who signed a two-year note. c. Purchased equipment that cost $24,000; paid $5,800 cash and signed a one-year note fort balance. d. Hired a new president at the end of the year. The contract was for $79,000 per year plus opti purchase company stock at a set price based on company performance. The new president E her position on January 1 of next year. e. Issued an additional 2,800 shares of $0.50 par value common stock for $14,000 cash f. Borrowed $19,000 cash from a local bank, payable in three months. a. Purchased a patent lan intangible asset) for $2.100 cash. 2 Pre-Bulit Assignment Sted Help 4 Required: 1. & 2. Post the current year transactions to T-accounts for each of the accounts on the balance sheet. (Two given in the cash T-account as examples) Cash Investments (short-term) 2,800 Bog. Bal 24,000 Bog Bol. 7.200 () 5,400 (6) BOR End. Bal cs End Bal Accounts Receivable 4,800 Beg Bel Inventory 33.000 Beg. Bal End Bal End. Bal Notes Receivable long-term) 1.500 Beg Bar Beg Bal Equipment 43,000 17 a MacBook Air IL 4 6 ducation.com/ext/ -Built Assignment Saved He Required information Notes Receivable (long-term) 1,500 Equipment 43,000 Beg Bal Beg Bal + End. Bal End. Bal Factory Building 93,000 Beg Bal Intangibles 3,500 Beg Bal End. Bal End. Bal Accounts Payable 14.000 Accrued Liabilities Payable Beg Bal Beg Bal 2,700 End. B End. Bal Notes payable (current) 5,300 Bog. Bal. Notes payable (noncurrent) 42,000 Beg Bal MacBook Materials - PS252DA 2 X Question 9 - Chapter 02 Pre-B X O Mall - Salari, Alessandra CEO X h Hulu Watch ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchul-https%253A%252F%252Fnewcon ar 02 Pre-Built Assignment Saved Help Required information Lue LO of 4 Notox payable (current) 5,300 Notes payable (noncurrent) 42,000 Beg. Bal Beg. Bal pod End. Bal End. Bal Common Stock 9,800 Beg Bal Additional Paid-in Capital 88.200 Beg. Bal once End. Bal End. Bal Retained Earnings 43,600 Beg Bal End B 17 MacBook Ali