....... ,- Hwy. V .. .lgnment 1 (Ch 2 & 3] 0 Help Save 5 Exit Submit 0 You received partial credit In the previous attempt. ViewI previous attempt Harrlgan Service Company, Inc.. was incorporated by Ian Harrigan and ii the year: I ve other managers. The following activities occurred during a. Received $69,600 cash from the managers; each was issued 1.160 shares. In!!! b. Purchased equipment for use in the business at a cost of $44,000; 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 $600 per week for cleaning the corporate ofces. beginning next week. d,1an Harrigan borrowed $18,000 for personal use from a local bank, signing a one-year note. Required: 1. Create Tvaccounts 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. % '|_ o 1.1:\". r. 6 luau : oo s a? value 131