Question: Help needed ASAP Please Thank you so much! I need your help to fill in the tables since its incomplete. all the imfomation thats needed

Help needed ASAP Please
Thank you so much!
Help needed ASAP PleaseThank you so much! I need your help to
fill in the tables since its incomplete. all the imfomation thats needed
to fill in the tables are in the first page. Thanks! Requlred:
I need your help to fill in the tables since its incomplete. all the imfomation thats needed to fill in the tables are in the first page.
Thanks!

Requlred: 1. Post the above transactions into the appropriate T-accounts, beginning balances is $0 for all accounts P2-8 (Algo) Analyzing the Effects of Transactions Using T-Accounts, Preparing a Statement of Financial Position, and Interpreting the Current Ratio over Time as a Bank Loan Officer LO2-5, 2-6 Lee Delivery Company was organized at the beginning of Year 1. The following transactions occurred during the year: a. Recelved $50.000 cash from the organizers in exchange for shares in the new company. b. Purchased land for $18,000 and signed a one-year note (at a 6 percent annual interest rate). c. Bought two used delivery trucks for operating purposes at the start of the year at a cost of $14,000 each, paid $7,000 cash and signed a promissory note for the balance, payable over the next three years (at an annual interest rate of 7 percent). d. Sold one fourth of the land for $4,500 to Birkins Moving, which promised to pay in six months. e. Paid $4,000 cash to a truck repair shop for a new motor for one of the trucks. (Hint Increase the account you used to record the purchase of the trucks since the usefulness of the truck has been improved) f Traded the other truck and $8,000 cash for a new one. The old truck's fair value is $14,000 g. Shareholder Jonah Lee paid $29,500 cash for a vacant lot (land) for his personal use. h Collected the amount of the note due from Birkins Moving in (d) 1. Paid one-third of the principal of the note due for the dellvery trucks in (c). Required: 1 Post the above transactions into the appropriate T-accounts, beginning balances is $0 for all accounts

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