Question: Hi I need help with this exercise, I need to know If I am missing numbers Laser Delivery Services, Incorporated (LDS). was incorporated January 1.
Hi I need help with this exercise, I need to know If I am missing numbers

Laser Delivery Services, Incorporated (LDS). was incorporated January 1. The following transactions occurred during the year: a. Received $25,000 cash from the company's founders in exchange for common stock. 6. Purchased land for $8.000, signing a two-year note (ignore interest). c. Bought two used delivery trucks at the start of the year at a cost of $7.000 each: paid $1.000 cash and signed a not due in three years for $13.000 (ignore interest). d. Paid $1.000 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. e Stockholder Jonah Lee paid $200,000 cash for a house for his personal use. 3. Show the effects of the journal entries by account, using T-accounts. Answer is not complete. Cash Equipment Credit Credit Debit Beginning Balance Debit Beginning Balance a. 25,000 c. 1.000 1,000 1.000 d. Ending Balance 23,000 Ending Balance 1,000 Land Notes Payable Credit Credit Debit Beginning Balance Debit Beginning Balance b. 8.000 13.000 c. . Ending Balance 8,000 Endling Balance 13,000 Common Stock Credit Debit Beginning Balance 25,000 8,000 $ 33,000 Ending Balance
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