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The following information applies to the questions displayed below Granger Service Company, Inc, was organized...

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The following information applies to the questions displayed below Granger Service Company, Inc, was organized by Ted Granger and five other investors. The following activities occurred during the year a Received $81,000 total cash from the six investors, each investor was issued 9.500 shares of common stock with a par value of $O10 per share b Purchased equipment for use in the business at a cost of $29,000, 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 S230 per week for cleaning the corporate ofices next year d Received an additional contribution from investors who provided $4,100 in cash and land valued at $26,000 in exchange for 2,100 shares of stock in the company e Lent $3.600 to one of the investors who signed a note due in six months f Ted Granger borrowed $8,100 for personal use from a local bank, signing a one-year

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