A 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 below.

A 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 below.
Instructions
a. Prepare journal entries to record the above transactions. Select the appropriate account titles 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. Organize your analysis in tabular form as shown for the February I transaction:

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