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Iicate the effects of each transaction on the compary's assets, llabilies, and owriers' equity for the month of Febriary, The feb i trahi ducted chould be indicated with minus sign.) In Grimes is the founder and president of Heartland Construction, a real estate development venture. The business sactions during February while the company was being organized are listed as follows. 1 Grimes and weveral others inveated $600,000 caah in the buninesn in exchange for 30,000 aharen of eapital stock. 10 The company purchaned of ice taellities for $292,500, of which $97,500 wan applseable to ebe land aed $195,000 to the baslding. A cash payeest of $58,500 wan made and a Eote payable was isnwed for the balance of the purehase price. 16 Computer equipment was purchaned tree 7CWorld for $12,500 eash. 18 office furnishings were parchased tron Hi-May Furnishings ot a cost of $9,350,A$935 eash payment was nade at the time of paresase, and an agreecent was aade to pay the resuining balsnce in two equal note. 22 orfice nupplien were parchased froa offiee Norld for 3375 - eash. 23 Heartland discovered that it paid too mooh for a oompoter printer purebased on February 16 . The unit nhould have cont anly $350, bat lleartland was eharged \$395. PCHorld promined to refund the difference Within seven days. 27 Mailed Hirway Narninhinga the first inutaliment doe on the accosnt payable for oftiee furniahinqe purchased on rebruasy 18. 28 Recelved $35 fron pCworld in full nettlenent of the account receivable ereated on February 21. wired: epare journal entries to record the above transactions. Select the appropriate account tibes from the following chart of unt.. dicate the effects of each transaction on the company's assets, liabilities, and owners' equily for the month of Feorvary Feb. 1 transaction is provided for you