The Firm was organized by three investors at the beginning of the year. The following activities occurred during the year.

Purchased $$2,500$ of equipment, paying $$400$ in cash and owing the rest on accounts payable to the manufacturer.

Received an additional contribution from investors who provided $$5,500$ in cash and land valued at $$17,500$ in exchange for $2,500$ shares of stock in the company with a par value of $$0\mathrm{.}10$ per share.

Signed an agreement with a cleaning service to pay $$250$ per week for cleaning the corporate offices next year.

Lent $$1,500$ to one of the investors who signed a note due in six months.

$($a$)$ Prepare a journal entry for each transaction.

$($b$)$ Create the T$-$account for cash. Assume that the beginning balance is zero. For each of the four transactions, record the effects of the transaction in the cash T$-$account if any. In addition, calculate the ending balance in the $T-$account.