a. Recelved four shareholders' contributions totaling $29,100 cash to form the corporation: issued 400 shares of $0.10 par value common stock. b. Paid three months' rent for the store at $1,730 per month (recorded as prepaid expenses). c. Purchased and recelved candy for $5,500 on account, due in 60 days. d. Purchased supplies for $1,430 cash. e. Negotiated and signed a two-year $17,000 loan at the bank, recelving cash at the time. f. Used the money from (e) to purchase a computer for $3,300 (for recordkeeping and inventory tracking); used the balance for furniture and fixtures for the store. 9. Placed a grand opening advertisement in the local paper for $480 cash; the ad ran in the current month. h. Made sales on Valentine's Day totaling $3,500;$2,665 was in cash and the rest on accounts receivable. The cost of the candy sold was $1,700. 1. Made a $550 payment on accounts payable. 1. Incurred and paid employee wages of $1,600. k. Coliected accounts receivable of $180 from customers. 1. Made a repair to one of the display cases for $140Cash. 71. Made cash sales of $2,600 during the rest of the month. The cost of the candy sold was $1,410