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2.00 points ? 3.3 Analyzing the Erects on ransactions using T Accounts Preparing an Unadjusted Trial Balance, and Deter 34, LO 3-5 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 1. Received shareholders' cash contributions on February 1 totaling $14,000 to form the corporation; issued 1,000 shares of common slock 2. Paid $2,550 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. 3 Purchased supplies on February 3 for $445 cash 4 Signed a promissory note on February 4, payable in two years, deposited $15,500 in the company's bank account 5. On February 5, purchased equipment for $7,150 and land for $8,350 6. Placed an advertisement in the local paper on February 6 for $735 cash 7. Recorded sales on February 7 totaling $3,300, $2,070 was in cash and the rest on accounts receivable 8 Collected accounts receivable of $95 from customers on February 8 9. On February 9, repaired one of the computers for $137 cash. 10. Incurred and paid employee wages on February 28 of $720 TIP: Most repairs involve costs that do not provide additional future economic benefits Required: 1. Prepare the journal entry for each of the above transactions. (If no entry is required for a transaction'event, select "No Journal Entry Required" in the first account field.)