ework Saved Help Sav Glenn Grimes is the founder and president of Heartland Construction, a real estate development venture. The business transactions during February while the company was being organized are listed as follows. Feb. 1 Grimes and several others invested $500,000 cash in the business in exchange for 30,000 shares of capital stock. Feb.10 The company purchased office facilities for $292,500, of which $97,500 was applicable to the land and $195,000 to the building. A cash payment of $58,500 was made and a note payable was issued for the balance of the purchase price. Feb.16 Computer equipment was purchased from PClworld for $13,700 cash Feb. 18 0ffice furnishings were purchased from Hi-Hay Furnishings at a cost of $9, 650. A $965 cash payment was made at the time of purchase, and an agreementas made to pay the remaining balance in two equal installments due March 1 and Apri 1. HI-May Furnishings did not require that Heartland sign a promissory note. Feb. 22 office supplies were purchased from Office world for $445 cash. Feb. 23 Heartland discovered that it paid too much for a computer printer purchased on February 16. The unit should have cost only ces $340, but He artland was charged $395. PCWorld promised to refund the difference within seven days. Feb. 27 Mailed Hi-Way Furnishings the first installnent due on the account payable for office furnishings purchased on February 18. Feb. 28 Received $55 from PCiorld in full settlement of the eccount receivable ereated on February 23. Required: a. Prepare journal entries to record the above transactions Select the approprlate account titles from the following chart of accounts Cash Accounts Recelvable Office Supplies Office Furnishings Computer Systems Land Office Bulding Notes Payable Accounts Payable Capital Stock tortrenontniFA An The Fa 1 hinnicat4 the effertc nf each trantsetinn nn the romnarvs ccetEahlites ann nee