Required Information [The following Information applles to the questlons d/splayed below.] Laser Delivery Services, Incorporated (LDS), was Incorporated January 1. The following transactions occurred during the year: a. Recelved $40,000 cash from the company's founders in exchange for common stock. b. Purchased land for $12,000, signing a two-year note (Ignore Interest). c. Bought two used delivery trucks at the start of the year at a cost of $10,000 each; pald $2,000 cash and signed a note due In three years for $18,000 (Ignore interest). d. Pald $2,000 cash to a truck repalr shop for a new motor, which Increased the cost of one of the trucks. e. Stockholder Jonah Lee pald $300,000 cash for a house for his personal use. Record the effects of each Item using a journal entry. (If no entry is required for a transaction/event, select "No Journal Entry Requlred" In the first account fleld.) Journal entry worksheet Note: Enter debits before credits