E3-1Transactions using accrual accounting Chris Vining organized The Herbal Shoppe at the beginning of February 20Y4. During February, The Herbal Shoppe entered into the following transactions:a. Chris Vining invested $25,000 in The Herbal Shoppe in exchange for capital stock.b. Paid $4,200 on February 1 for an insurance premium on a 1-year policy.c. Purchased supplies on account, $1,200. d. Received fees of $36,500 during February.e. Paid expenses as follows: wages, $12,000; rent, $2,000; utilities, $1,000; and miscellaneous, $1,100.f. Paid dividends of $7,500.Record the preceding