! Requlred Information E2-12 (Algo) Analyzing the Effects of Transactions Using T-Accounts; Preparing and Interpreting a Balance Sheet (LO 2-2, LO 2-3, LO 2-4) [The following information applies to the questions displayed below.) Laser Delivery Services, Incorporated (1.DS), was incorporated January 1. The following transactions occurred during the year: a. Received $39,000 cash from the company's founders in exchange for common stock. b. Purchased land for $15,000, signing a two-year note (ignore interest). c. Bought two used delivery trucks at the start of the year at a cost of $11,000 each; paid $4,500 cash and signed a note due in three years for $17,500 (ignore interest). d. Pald $2,000 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. e. Stockholder Jonah Lee pald $340,000 cash for a house for his personal use. E2-12 (Algo) Part 3 3. Show the effects of the journal entries by account, using T-accounts. Cash Equipment Credit Credit Debit Beginning Balance 39,000 Dobit Beginning Balance Ending Balance 39,000 Ending Balance E2-12 (Algo) Part 3 3. Show the effects of the journal entries by account, using T-accounts. Canh Equipment Credit Credit Dobit Beginning Balance Debit Beginning Balance 39,000 Ending Balance 39,000 Ending Balance Land Notes Payable Credit Credit Dobit Beginning Balance Dobit Beginning Balance Ending Balance Ending Balance Common Stock Credit Debit Beginning Balance Ending Balance