(Notice: Reference transaction code)

Cloveridge, Inc. had the following transactions during a recent period: a. Received $80,000 cash from the issuance of capital stock. b. Purchased $7,500 of equipment on account. Provided services on account for $44,000. d. Purchased land and a building for $30,000 and $100,000, respectively, for $25,000 cash, signing a note for the balance. Collected $23,750 from customers. e. Instructions Use the T-accounts to record these transactions and compute account balances. Use the alphabetical character representing each transaction to cross-reference your entries