Barbara Jones opened Barb$$s Book Business on February $1.$ You have been hired to maintain the company$$s financial records. The following transactions occurred in February, the first month of operations.

a$.$ Received shareholders$$ cash contributions on February $1$ totaling $$27,000$ to form the corporation; issued $1,000$ shares of common stock.

b$.$ Paid $$3,555$ cash on February $2$ for three months$$ rent for office space.

TIP: For convenience, simply record the full amount of the payment as an asset $($Prepaid Rent$).$ At the end of the month, this account will be adjusted to its proper balance.

c$.$ Purchased and received supplies on February $3$ for $$760$ cash.

d$.$ Signed a promissory note on February $4,$ payable in two years; deposited $$14,900$ in the company$$s bank account.

e$.$ On February $5,$ paid cash to buy equipment for $$5,600$ and land for $$9,300.$

f$.$ Placed an advertisement in the local paper on February $6$ for $$730$ cash.

g$.$ Recorded sales on February $7$ totaling $$3,750$; $$2,200$ was in cash and the rest on accounts receivable.

h$.$ Collected accounts receivable of $$122$ from customers on February $8.$

i$.$ On February $9,$ repaired one of the computers for $$174$ cash.

TIP: Most repairs involve costs that do not provide additional future economic benefits.

j$.$ Incurred and paid employee wages on February $28$ of $$875.$ General Journal tab $-$ Prepare the journal entries to record the transactions $($a$)$ through $($j$).$ Review the accounts as shown in the General Ledger and Trial Balance tabs$.$

General Ledger tab $-$ Each journal entry is posted automatically to the general ledger.

Trial Balance tab $-$ The ending balance values from the General Ledger tab flows through to the Trial Balance tab.

Analysis tab $-$ Using the information from the requirements above, complete the 'Analysis' tab.