would especially appreciate it if you could explain the 2nd question

Glenn Grimes is the founder and president of Heartland Construction, a real estate development venture. The business transactions during February while the company was being organized are listed as follows. Feb. 1 Grines and several others invested $600,000 cash in the business in exchange for 30,000 shares of capital stock. Cooputer equipant was purchased fran PCWorld for $14,200 cash. was issued for the balance of the purchase price. Furnishings did not require that Heartland sign a promis balance in two equal installments due March. 1 and April 1., Mi-May Feb. 22 office supplies were purchased fron office World for $405 cash. Feb. 27 Walled Hi-liay furnishings the first installinent doe on to refund the difference within seven days. Feb. 28 Recelved 535 from PCiorld in full settlenent of the account account payable for affice furnishings purchased on February 20. Required: o. Prepare journal entries to record the above transactions salart the appropriate occount tities from the following chart of accounts. b. Indicate the effects of each transaction on the company's assets, liabilities, and owners equity for the month of February The feb. t transaction is provided for you