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Problem 1: Tammy Tragger has recently decided to make a major life change in order to start a delivery business. She has made up her

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Problem 1: Tammy Tragger has recently decided to make a major life change in order to start a delivery business. She has made up her mind that the following accounts are necessary to start accounting for the transactions of the new company Cash, Accounts Receivable, Supplies, Truck, Accounts Payablo, Capital Stock, and Retained Earnings. You are to set up the preceding accounts in a column format and record the following transactions for the month of January 2022. After entering the transactions total all columns and check for proper balance. a) Tammy sold $14,700 worth of capital stock and opened a checking account in the name of the business, Tragger Toting Company b) Bought $900 worth of supplies for cash. C) Purchased a truck for $25,000; paying 25% down and putting the rest on account d) Made deliveries (thereby earning revenue) for customers on account for $2,950. e) Tammy paid $1,100 on account. f) Deliveries made for customers brought in $3,050 cash. 9) Employee wages of $1,890 for January were paid. h) Received a utility bill for January electricity for $620 that will be paid on February 12h. D) Collected $1,950 in cash on account. ) An inventory of supplies reveals only $200 worth remaining in inventory. *) Tammy shared her successful month with the owners by paying dividends of $250 Problem 2: Using the columns and results from Problem 1. above, produce the following January 31, 2022 statements in proper form for Tragger Toting, Inc. (full, 3-line headings required) a) Income Statement Statement of Retained Earnings b) c) Balance sheet

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