I really need help with this and explanation if possible

5. Use the following information to answer the question. First, add Accounts PayableJ. C. Hollings and Accounts PayableCraft Bank from the transactions prepared in Exam Figure 2 to the chart of accounts in Exam Figure 1. Analyze and prepare journal entries for the following transactions on the form provided in Exam Figure 2. Pencil-foot the debit and credit columns. (A) 5(1Purchased a new calculator for the ofce for $690 on account from J. C. Hollings, lnc., memo 3. (Bl 5(2Purchased $3,500 of equipment for the store on account from Craft Bank, memo 4. (C) SkiPaid cash, $42.92, for supplies, check 4. (D) SISPaid cash, $1,000, to Bellhaven Bank for amount owed on account, (check 5}. Next, open all ledger accounts using the form in Exam Figure 3. Then, post the journal entries from Exam Figure 2 to the ledger accounts and balance each ledger account. Be sure to post the balance of each account (the information is shown below) before you post the transactions you justjournalized. Accounts PayableBellhaven Bank$5,000 P. Woodsley, Capital$5,256.82 Cash$4,056.82 Prepaid Insurance$500 Accounts PayableTaylor Investments$3,700 EquipmentStoreS4,500 EquipmentOfoeS4,400 Supplies$500 After posting the journal entries to the ledger, what is the balance of the Equipment-Store account