nstructions help 1. Problem 3.1A Joumalilzing Transections L.o.3,4,5 Glenn Grimes is the founder and president of Heartiand Construction a reali estate development vete The business traneactions duing February whle the company was being organized are isted below Feb. 1 Grmes and several others invested $700 000 cash in the business in exchange for 25,000 land and $200,000 to was issued for the balance of the purchase prioe the building A cash payment of $60.000 was made and a note poyable Feb. 16 Computer equipment was Feb 18 Office fumishings ware purchased trom purohased from PCMbrld for 512,300 ch H-Way Fumishings at a cost of $9,650 A 955 cesh n two equal instalments due March 1 and Apri 1. Hi-Viay Fumishings did not requre peyment was made at the time of purchase, and an agreement was made to pay the semaining 22 Ofce supples purchased hom Ofoe ver $335 cash discovered that i' pa' too much scomputer pritor purchgsed on February The unt shoukd have cost the 535 within seven days only $360, but Heartiand was charged $395. PCWorld promised to neflund Feb 27 Maled H-Way Funishings the fret $4 343 due on the account paystle for office fumishings Feb. 28 Received $35 trom PCWorld in ful sotdenent of the account receivable created on February 23 a. Prepare jpurnal entries to recond the above transactions. Select the approprane account stles from the folowing chart of accounts (Round your answers to the nearest dollar amount Onit the " sign in Cash Accourts Recaivable Office Supplies Ofnice Furnishings Computer Systems Office Buidng Notes Payable Accounts Payable Share Captal Date 20 Fob 1 (Click to select) Debit Creat (Clck to selecto 10 (Click to select) (Click to select) (Clck to select (Cick to sele o 16 (Cick to select) Click to select) 18 (Clck to select Click to select) (Click to select) 22 (Click to selec Click to select (Cick to select) (Click to select) 23 (Click to solect 27 (Clck to select) 28 (Click to select) (Click to select) b. Indicate the efflects of each transaction on the company's assets, liabilities, and equity for the month of February Organize your analysis in tabular form as shown for the February 1 transaction (Input all amounts as postive values. Round your answers to the nearest dollar amount. Omit the "S" sign in your response