Please label each answer clearly

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 $45,000 cash and a large delivery van with a value of $56,000 from Penny, who was given 6,000 shares of $.05 par value common stock in exchange. b. Purchased land with a small office and warehouse by paying $20,000 cash and signing a 10-year mortgage note payable to the local bank for $90,000. The land has a value of $28,000 and the building's value is $82,000. Use separate accounts for land and buildings. C. Purchased a new computer from Dell for $4,500 cash and office furniture for $6,000, signing a short-term note payable in six months. d. Hired a receptionist for the office at a salary of $3,500 per month, starting in April. e. Paid $3,000 on the note payable to the bank at the end of March (ignore interest). f. Purchased short-term investments in the stock of other companies for $7,000 cash. g. Ordered $30,000 in inventory from Pool Corporation, Inc., a pool supply wholesaler, to be received in April. Required 1. For each of the events, prepare journal entries if a transaction of the business exists, checking that debits equal credits. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of land with a small office by paying $20,000 cash and signing a mortgage note payable for $90,000. The land has a value of $28,000 and the building's value is $82,000. Note: Enter debits before credits. Debit Credit Transaction General Journal