Transactions Using Accrual Accounting Terry Mason organized The Fifth Season at the beginning of February 2014. During February, The Fifth Season entered into the following transactions: a. Terry Mason invested $28,125 in The Fifth Season in exchange for common stock. b. Paid $7,350 on February 1 for an insurance premium on a 1-year policy. C. Purchased supplies on account, $3,180. d. Received fees of $53,620 during February e. Paid expenses as follows: wages, $16,800; rent, $2,800; utilities, $1,400; and miscellaneous, $1,540. f. Paid dividends of $9,795. Record the preceding transactions using the integrated financial statement framework. After each transaction, enter a balance for each item. If an amount box does not require an entry, leave it blank. Enter account decreases and net cash outflows as negative amounts. Balance Sheet