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Required information [ The following information applies to the questions displayed below. ] Kaylee James, a connoisseur of fine chocolate, opened Kaylee's Sweets in Collegetown

Required information
[The following information applies to the questions displayed below.]
Kaylee James, a connoisseur of fine chocolate, opened Kaylee's Sweets in Collegetown on February 1. The shop
specializes in a selection of gourmet chocolate candies and a line of gourmet ice cream. You have been hired as manager.
Your duties include maintaining the store's financial records. The following transactions occurred in February, the first
month of operations.
a. Received four shareholders' contributions totaling $29,300 cash to form the corporation; issued 400 shares of $0.10
par value common stock.
b. Paid three months' rent for the store at $1,790 per month (recorded as prepaid expenses).
c. Purchased and received candy for $6,200 on account, due in 60 days.
d. Purchased supplies for $1,330 cash.
e. Negotiated and signed a two-year $12,000 loan at the bank, receiving cash at the time.
f. Used the money from (e) to purchase a computer for $3,450(for recordkeeping and inventory tracking); used the
balance for furniture and fixtures for the store.
g. Placed a grand opening advertisement in the local paper for $410 cash; the ad ran in the current month.
h. Made sales on Valentine's Day totaling $3,100;$2,650 was in cash and the rest on accounts receivable. The cost of
the candy sold was $1,300.
i. Made a $620 payment on accounts payable.
j. Incurred and paid employee wages of $1,900.
k. Collected accounts receivable of $180 from customers.
I. Made a repair to one of the display cases for $120 cash.
m. Made cash sales of $2,900 during the rest of the month. The cost of the candy sold was $1,710.
What is the additional paid in capital?
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