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 candles 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 decurred in February, the first month of operations. a. Received four shareholders' contributions totaling $29.500 cash to form the corporation; issued 700 shares of $0.10 par value common stock b. Paid three months' rent for the store at $1720 per month (recorded as prepaid expenses) c. Purchased and received candy for $5.700 on account, due in 60 days. d. Purchased supplies for $1,430 cash e. Negotiated and signed a two-year $14,000 loan at the bank, receiving cash at the time t Used the money from (a) to purchase a computer for $3,200 (for recordkeeping and inventory tracking: used the balance for furniture and fixtures for the store. 9 Placed a grand opening advertisement in the local paper for $440 cash; the ad ran in the current month h. Made sales on Valentine's Day totaling $3,900, $2,675 was in cash and the rest on accounts receivable. The cost of the candy sold was $2.100. Made a $570 payment on accounts payable. J. Incurred and paid employee wages of $1,500 k. Collected accounts receivable of $165 from customers. Made a repair to one of the display cases for $135 cash m. Made cash sales of $2.800 during the rest of the month. The cost of the candy sold was $1.610. Required: 1&2 Record in the T-accounts the effects of each transaction for Kaylee's Sweets in February, referencing each transaction in the accounts with the transaction letter Jumed and pand employee wages of $1.500 & Collected accounts cevatio of $165 from customers L Mado a repar to one display cases for $135 cash Made cash sales of $2.800 during the rest of the month. The cost of the candy sold was $100 Required 1&2 ecord in the T-accounts the effects of each transaction for Kaylee's Sweets in February, referencing each ransaction in the accounts with the transaction letter Beg b End ha Beg ba Case Supple End Sa Prepaid Exemes Beg Beg ba End b End Epipment End ba Cock End bal End ba Adal Pain Capta Sales Revenue Beg ba End End bat Cost of Goods Sand Repair Expense Beg Who Faceme Beg bal Beg ba End bal Beg bal End bal Sdes Hema Beg bal 1111 End bal End bal Cast of Goods Sold Repair Expense Beg bal Beg bal End. bal End ba Advertising Expense Wage Expense Beg bal Beg ba End bal End ba