Harrigan Service Company, Inc., was incorporated by lan Harrigan and five other managers. The following activities...

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Harrigan Service Company, Inc., was incorporated by lan Harrigan and five other managers. The following activities occurred during the year. a. Received $65,400 cash from the managers; each was issued 1,090 shares. b. Purchased equipment for use in the business at a cost of $30,000; 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 $390 per week for cleaning the corporate offices, beginning next week. d. lan Harrigan borrowed $14,500 for personal use from a local bank, signing a one-year note. Required: 1. Create T-accounts for the following accounts: Cash, Equipment, Note Payable, and Contributed Capital. Beginning balances are zero. For each of the above transactions, record its effects in the appropriate T-accounts. Include referencing and totals for each T- account. Beg bal Cash 0 Equipment Beg bal End bal End bal Note Payable Contributed Capital Beg bal 0 Beg bal 0 End bal End, bal Harrigan Service Company, Inc., was incorporated by lan Harrigan and five other managers. The following activities occurred during the year. a. Received $65,400 cash from the managers; each was issued 1,090 shares. b. Purchased equipment for use in the business at a cost of $30,000; 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 $390 per week for cleaning the corporate offices, beginning next week. d. lan Harrigan borrowed $14,500 for personal use from a local bank, signing a one-year note. Required: 1. Create T-accounts for the following accounts: Cash, Equipment, Note Payable, and Contributed Capital. Beginning balances are zero. For each of the above transactions, record its effects in the appropriate T-accounts. Include referencing and totals for each T- account. Beg bal Cash 0 Equipment Beg bal End bal End bal Note Payable Contributed Capital Beg bal 0 Beg bal 0 End bal End, bal