E3-1 Transactions Using Accrual Accounting Alex Vera organized Succulent Express at the beginning of February 2014. During February, Succulent Express entered into the following transactions: Obj. 2 a. Terry Mason invested $30,000 in Succulent Express in exchange for common stock. b. Paid $5,400 on February 1 for an insurance premium on a one-year policy. c. Purchased supplies on account, $1,800. d. Received fees of $57,000 during February. e. Paid expenses as follows: wages, $21,600; rent, $6,400; utilities, $2,800; and miscellaneous, $3,200. f. Paid dividends of $8,000. Record the preceding transactions using the integrated financial statement framework. After each transaction, you should enter a balance for each item. A