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Laser Delivery Services, Inc. (LDS) was incorporated January 1. The following transactions occurred during the year:

a.	Received $37,000 cash from the company's founders in exchange for common stock.
b.	Purchased land for $14,000, signing a two-year note (ignore interest).
c.	Bought two used delivery trucks at the start of the year at a cost of $9,000 each; paid $3,500 cash and signed a note due in three years for $14,500 (ignore interest).
d.	Paid $1,800 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks.
e.	Stockholder Jonah Lee paid $320,000 cash for a house for his personal use.

value Requir 0.31 points 3. Show the effects of the journal entries by account, using the T-account. Cash Equipment Beg. Bal Beg. Bal End. Bal. End. Ba. Land Notes Payable Beg. Bal. Beg. Bal End. Bal End. Bal Common Stock Beg. Bal. End. Bal