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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 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 $ cash to form the corporation; issued shares of $ par value common stock. b Paid three months' rent for the store at $ per month recorded as prepaid expenses c Purchased and received candy for $ on account, due in days. d Purchased supplies for $ cash. e Negotiated and signed a twoyear $ loan at the bank, receiving cash at the time. f Used the money from e to purchase a computer for $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 $ cash; the ad ran in the current month. h Made sales on Valentine's Day totaling $;$ was in cash and the rest on accounts receivable. The cost of the candy sold was $ i Made a $ payment on accounts payable. j Incurred and paid employee wages of $ k Collected accounts receivable of $ from customers. I. Made a repair to one of the display cases for $ cash. Made cash sales of $ during the rest of the month. The cost of the candy sold was $ What is the additional paid in capital?
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 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 $ cash to form the corporation; issued shares of $
par value common stock.
b Paid three months' rent for the store at $ per month recorded as prepaid expenses
c Purchased and received candy for $ on account, due in days.
d Purchased supplies for $ cash.
e Negotiated and signed a twoyear $ loan at the bank, receiving cash at the time.
f Used the money from e to purchase a computer for $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 $ cash; the ad ran in the current month.
h Made sales on Valentine's Day totaling $;$ was in cash and the rest on accounts receivable. The cost of
the candy sold was $
i Made a $ payment on accounts payable.
j Incurred and paid employee wages of $
k Collected accounts receivable of $ from customers.
I. Made a repair to one of the display cases for $ cash.
Made cash sales of $ during the rest of the month. The cost of the candy sold was $
What is the additional paid in capital?
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