The options for the middle rows edges:

E2-8 Analyzing the Effects of Transactions in T-Accounts [LO 2-2, LO 2-3, LO 2-5] The following information applies to the questions displayed below. Mulkeen Service Company, Inc. was incorporated by Conor Mulkeen and five other managers. The following activities occurred during the year: a. Received $48,000 cash from the managers; each was issued 1.200 shares of common stock. b. Purchased equipment for use in the business at a cost of $8,400, one-fourth was paid in cash and the company signed a note for the balance (due in six months). c. Signed an agreement with a cleaning service to pay it $70 per week for cleaning the corporate offices, beginning next year d. Conor Mulkeen borrowed $15,000 for personal use from a local bank, signing a one-year