Laser Delivery Services, Incorporated $($LDS$),$ was incorporated January $1.$ The following transactions occurred during the year:

a$.$ Received $$39,000$ cash from the company's founders in exchange for common stock.

b$.$ Purchased land for $$15,000,$ signing a two$-$year note $($ignore interest$).$

c$.$ Bought two used delivery trucks at the start of the year at a cost of $$11,000$ each; paid $$4,500$ cash and signed a note due in three years for $$17,500($ignore interest$).$

d$.$ Paid $$2,000$ cash to a truck repair shop for a new motor, which increased the cost of one of the trucks.

e$.$ Stockholder Ruby Lee paid $$340,000$ cash for a house for personal use.

Required:

Analyze each item for its effects on the accounting equation of Laser Delivery Services for the year ended December $31.$ If an event is not considered a transaction, leave the account, amount and direction of effects blank.

Note: Enter any decreases to account balances with a minus sign.

TIP: Transaction $($a$)$ is presented below as an example.

TIP: The new motor in transaction $($d$)$ is treated as an increase to the cost of the truck.

$\backslash$table$[[,$Assets,$=,$Liabilities,,$\backslash$table$[[$Stockholders$\text{'}],[$Equity$],[$Common Stock$]]],[,$Cash,Equipment,Land,$=,\backslash$table$[[$Accounts$],[$Payable$]],\backslash$table$[[$Notes$],[$Payable$],[($long$-$term$)]],],[$Beginning Balance,$0,0,0,=,0,0,+,0],[$a$.,39,000,,,=,,-,+,39,000],[$b$.,,,,=,,,+,],[$c$.,,,,=,,,+,],[$d$.,,,,=,,,+,],[$e$.,,,,=,,,+,],[$Ending Balance,$39,000,0,0,=,,0,+,39,000]]$