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Tara opens Tara's Treasures on September 1 s t and has the following transactions for the first month: # 1 : Tara opens Tara's Treasures
Tara opens Tara's Treasures on September and has the following transactions for the first month:
# : Tara opens Tara's Treasures by investing $ in exchange for stock Gift
# Tara BORROWS $ in Cash from the Bank on a Bank Loan Payable
# Tara buys supplies for $ in Cash
# Tara Buys Equipment for $ on Accounts Payable
# Tara pays her monthly rent of $ in Cash
# Tara earns $ in Revenue and receives Cash
# Tara pays the weekly salaries of $ in cash
# Tara earns $ in Revenue on Accounts Receivable
# Tara Pays $ of the Accounts Payable she owes in Cash
# Tara collects $ in cash from her account receivable customers
# Tara pays a $ Dividend in Cash
Required:
a Analyze the Business Transactions
b Record them in the Journal
c Post Update the Ledgers
d Prepare a Trial Balance
e Prepare the Income Statement, Statement of Retained Earnings and the Balance Sheet for the Month Ended
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