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 $1,100 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 Taccount, Cash Equipment Beg. Bat. Beg Bai 3. Show the effects of the journal entries by account, using the T-account. Cash Equipment Beg. Bal Beg. Bal. End. Bal. End. Bal Land Notes Payable es Beg. Bal. Beg. Bal End. Bal. End, Bal Common Stock Beg Bal End. Bal