Analyze and journalize these transactions. This is the first step of the accounting cycle and a perpetual inventory system is used for this.

1. October 1: Stockholder's invest $424,208 into the company in exchange for Sassy's Shaterica's Shufters and Sheds common stock. 2. October 1. Sassy Shaterica paid in advance for a 5 -month insurance policy, which will begin today. She paid $3,345 cash for the policy. 3. October 1: Sassy Shaterica purchased some land and a building for a total of 5539.837 using $119,837 cash and then borrowing the rest from the bank. Based on the total purchase price of $539,837, the land was $95,657 and the building was the remainder. The loan from the bank will be puid off over the next 12 years. (1/12 of the principal will be paid off at the end of each year). The loan carries an interest rate of 12.88%. Interest accrued will be paid off at the end of every year. The building has an expected life of 55 years and will be depreciated using the straight-line method. 82.200=57500=5575=8050= 4. Oetober 6: Sassy Shaterica purchased eight SHED2GR8T-4U's, five 1BGASHD4A 's, fifty-five ISHUT1-2's, and eighty SHUT4U-2's from Harley \& Charley Davidson's Pit Palace; See Inventory Costing List for costs. The credit terms are 8/20,n/90. Inventory (D) 5. October 7: Sassy Shaterica paid FedEx $2,212 cash to ship the shutters and sheds she bought from Harley \& Charley Davidson's Pit Palace. 6. October 12: Sassy Shaterica purchased $1.976 worth of supplies from Roscoes R Us paying cash. 7. October 13: Sassy Shaterica sold two 1 B1GASHD-4U's (markup 95% ) and fifteen ISHUT1-2's (markup 140\%) to Madi's Massive Mansions. Use Inventory Costing List for markups and costs. The credit terms are 2/20,n/50.27500(1.45)= 1575(2,40)= 8. October 14: Madi's Massive Mansions paid DHL $313 cash to ship the bikes she just bought. 9. October 16: Sassy Shaterica bought a Shutterer Machine for $55,536 using $5,536 cash and then borrowing the rest from the bank. The loan will be paid off over the next 4 years ( 1/4 of the principal will be paid at the end of each year). The loan carries an interest rate of 6 percent. Interest. accrued will be paid off at the end of every year. The Shutterer Machine has an expected life of 8 years, salvage value of $1,200. and will be depreciated using the straight-line method. 10. October 18: Sassy Shaterica hires Patty P. Promo for promotional purposes. She estimates her salary to be $15/ hour. She will probably work 25 hours over the next month. 11. October 21: Sassy Shaterica's pay period ends and she now owes her employees 92,487 in salaries. These stalaries will be paid on October 26th. 12. October 24: Sassy Shaterica paid off the balance due from Harley \& Charley Davidson"s Pit Palace. 13. October 26: Sassy Shaterica paid her employees the salaries owed. 4. November 1: Madi's Massive Mansions paid her balance off for the shutters and sheds she purchased