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aylee James a connoisseur of fine chocolate, opened Kaylee's Sweets in Collegetown on February 1. The shop specializes in a selection of gourmet chocolate candies

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aylee James a connoisseur of fine chocolate, opened Kaylee's Sweets in Collegetown on February 1. The shop specializes in a selection of gourmet chocolate candies and a line of gourme e cream. You have been hired es maneger Your duties include maintaining the store's financial records. The following trensactions occurred in February, the frst month of operetions o. Received four shereholders' contributions totaling $28.600 cesh to form the corporation; issued 400 shares of 3010 par value common stock. b Paid three months' rent for the store at $1,810 per month (recorded es prepeid expenses) c. Purchased and received candy for $5,500 on account, due in 60 days d. Purchased supplies for $1.330 cesh. e. Negotiated and signed a two-year $12000 loan at the bank, receiving cesh at the time t Used the money from (ej to purchese a computer for $2.650 (for recordkeeping and inventory tracking) used the balance for furniture and fixtures for the store g Placed a grand opening advertisement in the local peper for $460 cesh, the ad ran in the current month h. Made sales on Valentine's Day totaling $3,000. $2.665 wes in cesh and the rest on accounts receivable. The cost of the candy sold wes $1.200 i Made a $550 payment on accounts payable Incurred and paid employee wages of $1,800 k Collected accounts receivable of $185 from customers L Mede a repair to one of the displey cases for $115 cesh m Made cesh seles of $2.700 during the rest of the month. The cost of the candy sold was $1.510 aylee James a connoisseur of fine chocolate, opened Kaylee's Sweets in Collegetown on February 1. The shop specializes in a selection of gourmet chocolate candies and a line of gourme e cream. You have been hired es maneger Your duties include maintaining the store's financial records. The following trensactions occurred in February, the frst month of operetions o. Received four shereholders' contributions totaling $28.600 cesh to form the corporation; issued 400 shares of 3010 par value common stock. b Paid three months' rent for the store at $1,810 per month (recorded es prepeid expenses) c. Purchased and received candy for $5,500 on account, due in 60 days d. Purchased supplies for $1.330 cesh. e. Negotiated and signed a two-year $12000 loan at the bank, receiving cesh at the time t Used the money from (ej to purchese a computer for $2.650 (for recordkeeping and inventory tracking) used the balance for furniture and fixtures for the store g Placed a grand opening advertisement in the local peper for $460 cesh, the ad ran in the current month h. Made sales on Valentine's Day totaling $3,000. $2.665 wes in cesh and the rest on accounts receivable. The cost of the candy sold wes $1.200 i Made a $550 payment on accounts payable Incurred and paid employee wages of $1,800 k Collected accounts receivable of $185 from customers L Mede a repair to one of the displey cases for $115 cesh m Made cesh seles of $2.700 during the rest of the month. The cost of the candy sold was $1.510

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