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b. Indicate the effects of each transaction on the company's assets, liabilities, and owners' equity for the month of February. The Feb. 1 transaction is

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b. Indicate the effects of each transaction on the company's assets, liabilities, and owners' equity for the month of February. The Feb. 1 transaction is provided for you.?

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Really need help with part B of this question, thank you.

during February while the company was being organized are listed as follows. 9 5 5 5 2 9 1 Feb.16 Computer equipment was purchased from PCWorld for $12,400 cash. 2 1 the time of purchase, and an agreement was made to pay the remaining balance in two equal instal1ments due March 1 and April 1. Hi-Way Furnishings did not require that Heartland sign a promissory note. 3 Feb.22 Office supplies were purchased from Office World for $445 cash. cost only $350, but Heartland was charged $385. PCWorld promised to refund the difference within seven days. 9 2 Feb.28 Received $35 from PCWorld in full settlement of the account receivable created on February 23

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