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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

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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: February 1 Grines and several others invested $700,000 cash in the business in exchange for 30,060 shares of capital stock. Febcuery 10 The company purchased office facilities for $285,000, of which $95,000 was applicable to the land and $190,000 to the building. A cash payment of $57,000 was made and a note payable was issued for the balance of the purchase price. February 16 Coeputer equipment was purchased from PCWorld for: $13,709 cash. February 18 office furnishings were purchased froe Hi-Way Furnishings at a cost of 59,950 . A 5995 cash payment was =ade at the time of purchase, and an agreement was nade to pay the remaining balance in two equal installinents due March 1 and April 1. Hi-Way Furnishings did not require that Heartland sign a pronissory note. February 22 office supplies were purchased from office world for $435 cash. February 23 Heartland discovered that it paid too much for a computer printer purchased on February 16 . The unit should have cost only $350, but Heartland was charged $385. PCWorld pronised to refund the difference within seven days. Febeary 27 Mailed Hi-Way Furnishings the first installment due on the account payable for office furnishings purchased on February 18. February 28 Received $35 from PCWorld in full settlenent of the account receivable created on February. 23. Required: o. Prepare joumal entries to record the above transactions. Select the appropriate account titles from the following chart of accounts: - Cash - Land - Accounts Receivable - Office Bullding - Office Supplies - Notes Payable - Office Furnishings - Accounts Payable - Computer Systems - Capital Stock o. Prepare journal entries to record the above transactions. Select the appropriate account titles from the following chart of accounts: - Cash - Land - Accounts Recelvable - Office Bullding - Office Supplies - Notes Payable - Office Furnishings - Accounts Payable - Computer Systems - Capital Stock Prepare journal entries to record the above transactions. Select the appropriate account titles from the following chart of accounts. Cash Land Accounts Recelvable Office Bullding office Supplies Notes Payable Office Fumishings Accounts Payable Computer Systems Capital Stock Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field, Round your final answer Notal to the nearest dollar amounts: Show less A

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