I will like help on this short exorcise, thanks for your time.

Requirement 1. Classify each of the transactions as either "a" a business-related event but not a transaction to be recorded by the business, "b" a personal transaction for a shareholder not recorded by the business, or "c" a business transaction to be recorded by the business. Jan 5 10 11 12 00 21 25 31Jan 4 10 11 12 18 21 25 31 Gayland Jet, the major shareholder of the company, received $109,000 cash from an inheritance. Jet deposited $51,000 cash in a new business bank account titled Mountain View Estates Ltd. The business issued common shares to Jet. The business paid $1,000 cash for letterhead stationery for the new ofce. The business purchased ofce furniture. The company paid cash of $8,000 and agreed to pay the account payable for the remainder, $9,000, within three months. Jet sold ABC shares, which he owned for several years, receiving $76,000 cash from his stockbroker. Jet deposited the $76,000 cash from the sale of the ABC shares in his personal bank account. A representative of a large company telephoned Jet and told him of the company's intention to put a down payment of $1 5,000 on a lot. Jet nished a real estate deal on behalf of a client and submitted his bill for services, $3,500. Jet expects to collect from this client within two weeks. The business paid half its account payable for the furniture purchased on January 7. The business paid ofce rent of $500. The business declared and paid a cash dividend of $2,200