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Kaylee James, a aReceived four shareholders b Paid three months' rent for the store at $1,840 per month (recorded as prepaid expenses) totaling $29,500 cash

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Kaylee James, a aReceived four shareholders b Paid three months' rent for the store at $1,840 per month (recorded as prepaid expenses) totaling $29,500 cash to form the corporation, issued 500 shares of $0.10 par value common stock c Purchased and recelved candy for $6.400 on account, due in 60 deys and signed a two year $14,000 loan at the bank, receiving cash at the time. f. Used the money from (e) to g. Placed a grand opening advertisement L Made a $640 J Incurred and paid in the local paper for $470 cash; the ad ran in the current month h. Made sales on Velentine's Day totaling $3700; $2,560 was in cash and the rest on accounts receivable. The cost of the paynble wages of $1800 e of $155 from customers for $125 cash. m. Made cash sales of $3,200 during the rest of the month. The cost of the candy sold was $2.010 0.62 points Required: Beg bal 125 00 End. bal

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