ABC Delivery Company was organized in 2010 and the fiscal year end date is 12/31. The...

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ABC Delivery Company was organized in 2010 and the fiscal year end date is 12/31. The beginning balance of each account for year 2011 is shown in the T-account on the back page. Record in T-accounts and journal entries for the following transactions which occurred during 2011: a. Received more cash from the organizer (business owner) as equity investment, $40,000. b. Purchased land for $12,000 and signed a one-year note (ignore interest). c. Bought two used delivery trucks for operating purposes at the start of the year at a cost of $10,000 each; Paid $2,000 cash and signed a promissory note due in three years for the rest. d. Sold one-fourth of the land for $3,000 to Birkins Moving, which signed a one- year note. wwwwwwwwwwwwwwww e. Paid $2,000 cash to a truck repair shop for a new sophisticated stereo system for one of the trucks. f. The company prepaid $4,000 at the end of 2011 for renting the warehouse for one year in 2012. g. Cash dividends of $1,000 for 2011 were paid in full in December. Prepare the Balance Sheet of ABC Delivery Company as of 12/31/2011. ABC Delivery Company was organized in 2010 and the fiscal year end date is 12/31. The beginning balance of each account for year 2011 is shown in the T-account on the back page. Record in T-accounts and journal entries for the following transactions which occurred during 2011: a. Received more cash from the organizer (business owner) as equity investment, $40,000. b. Purchased land for $12,000 and signed a one-year note (ignore interest). c. Bought two used delivery trucks for operating purposes at the start of the year at a cost of $10,000 each; Paid $2,000 cash and signed a promissory note due in three years for the rest. d. Sold one-fourth of the land for $3,000 to Birkins Moving, which signed a one- year note. wwwwwwwwwwwwwwww e. Paid $2,000 cash to a truck repair shop for a new sophisticated stereo system for one of the trucks. f. The company prepaid $4,000 at the end of 2011 for renting the warehouse for one year in 2012. g. Cash dividends of $1,000 for 2011 were paid in full in December. Prepare the Balance Sheet of ABC Delivery Company as of 12/31/2011.