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 Grimen 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 $300,000, of which $100,000 van applicable to the land and $200,000 to the building. canh paynent of $60,000 was made and a note payable was issued for the balance of the purchase price. Feb. 16 Conputer equipnent was porchased tron PCNorld for $14,000 cash. Feb. 18 office furnishings vere purehased from Hi-Way Furnishings at a cost of $8,950. A s895 cash paynent was made at the time of purchase, and an aqreesent was made to pay the renaining balanco in two equal installments due Mareh 1 and Apri1 1. Hi-Way Furnishings did not require that Heartland sign a pronissory note. Peb. 22 office supplies were purchased fron office World for $345 cash. Feb. 23 leartland dincovered that It paid too much for a conputer printer purchased on February 16. The unit should have cont only \$350, but Heartland was charged \$395. PCWorld promised to retund the difference within seven days. Feb. 27 Malled ili-kay Furniohings the first inatalinent due on the account payable for office furnishings purehased on Tobruary 18. Tob. 28 Hecelved $45 from PCMorld in ful1 settlesent of the account receivable created on February 23. Required: a. Prepare journal entries to record the above transactions. Select the appropriate account titles from the following chart of accounts