Penny Cassidy has decided to start her business, Penny's Pool Service & Supply, Inc. (PPSS). There is much to do when starting a new business. Here are some transactions that have occurred in the business in March. a. Received $25,000 cash and a large delivery van with a value of $36,000 from Penny, who was given 4,000 shares of $0.05 par value common stock in exchange. b. Purchased land with a small office and warehouse by paying $10,000 cash and signing a 10-year mortgage note payable to the local bank for $80.000. The land has a value of $18,000 and the building's value is $72,000. Use separate accounts for land and buildings c. Purchased a new computer from Dell for $2,500 cash and office furniture for $4,000, signing a short term note payable in six months d. Hired a receptionist for the office at a salary of $1,500 per month, storting in April. e Paid $1,000 on the note payable to the bank at the end of March (gnore interest). 1 Purchased short-term investments in the stock of other companies for $5,000 cash 9. Ordered $10,000 in inventory from Pool Corporation, Inc., a pool supply wholesaler, to be received in April 2. Use the following T-accounts, and post each of the transactions to determine balances at March 31. Because this is a new business, beginning balances are $0. Cash Short-term Investments Beg Bal Beg Bal End. Bal End. Bal Equipment Land Bag, Bal Beg Bal End. Dal End Bal Saved iz End. Bal. End. Bal. Buildings Short-term Notes Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Common Stock Mortgage Notes Payablo Beg. Bal. Beg. Bal. End. Bali End. Bal. Additional Pald-in Capital Beg. Bal End. Bal