Laser Delivery Services, Incorporated (LDS), was incorporated January 1. The following transactions occurred during the year: a. Received $36,000 cash from the company's founders in exchange for common stock.
b. Purchased land for $13,500, signing a two-year note (ignore interest).
c. Bought two used delivery trucks at the start of the year at a cost of $8,000 each; paid $3,000 cash and signed a note due in three years for $13,000 (ignore interest).
d. Paid $1,700 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks.
e. Stockholder Jonah Lee paid $310,000 cash for a house for his personal use.

Required:
Show the effects of the journal entries by account, using the T-account .