Simone Biles opened a gym on January 1, 2020. During the first month of operations, the business completed the following transactions. Jan. 1 Biles contributed $75,000 cash to the business, Gymnastick It All-Stars. The business issued common stock to Biles. Jan. 15 Purchased a building with a market value of $95,000, and land with a market value of $10,000. The business paid $42,000 cash and signed a note payable to the bank for the remaining amount. Jan. 31 Purchased gym equipment, $17,000, on account. Feb. 1 Paid Monthly Rent Expense, $1,900 Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Gym Equipment; Prepaid Insurance; Land; Building; Furniture; Accounts Payable; Utilities Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. (You may not need to use all account titles) Explanations not required. Edit View Insert Format Tools Table 12pt Paragraph BIUA 2 T