record each transactiin in appropriate columns

W IL Yahoo Google School Resource M Gmail Youtube Maps The transactions relating to the formation of Blue Co. Stores, Inc., and its first month of operations follow a. The firm was organized and the stockholders invested cash of $7.400 b. The firm borrowed $5.700 from the bank: a short-term note was signed. c. Display cases and other store equipment costing $1.750 were purchased for cash. The original list price of the equipment was $1.950, but a discount was received because the stor was having a sale. d. A store location was rented, and $1,450 was paid for the first month's rent e. Inventory of $14.000 was purchased: $8,600 cash was paid to the suppliers, and the balance will be paid within 30 days f. During the first week of operations, merchandise that had cost $3,900 was sold for $8 800 cash g. A newspaper ad costing $120 was arranged for it ran during the second week of the store's operations. The ad will be paid for in the next month h. Additional inventory costing $4.050 was purchased cash of $1,150 was paid, and the balance is due in 30 days i. In the last three weeks of the first month, sales totaled $14.250, of which $9,100 was sold on account. The cost of the goods sold totaled $8,300 j. Employee wages for the month totaled $1.900; these will be paid during the first week of the next month, k. The firm collected a total of $3,650 from the sales on account recorded in transaction i 1. The firm paid a total of $4,550 of the amount owed to suppliers from transaction e. Required: a. Record each transaction in the appropriate columns. If an transaction/Adjustment are not affecting the balance sheet category or income statement, leave the cells blank Enter decreases to account balances as a negative.) Transaction Cash ASSETS Accounts Merchandise + Receivable + Inventory LIABILITIES Notes Accounts Payable + Payable + Waid-in + Capital STOCKHOLDERS' EQUITY Retained Earnings + Revenue Expenses + Equipment 1.750 1,050 1,450