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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 1st and has the following transactions for the first month:
# 1: Tara opens Tara's Treasures by investing $210,000 in exchange for stock (Gift)
#2. Tara BORROWS $325,000 in Cash from the Bank on a Bank Loan Payable
#3 Tara buys supplies for $6,500 in Cash
#4. Tara Buys Equipment for $22,500 on Accounts Payable
#5. Tara pays her monthly rent of $4,200 in Cash
#6. Tara earns $15,000 in Revenue and receives Cash
#7. Tara pays the weekly salaries of $8,400 in cash
#8 Tara earns $24,000 in Revenue on Accounts Receivable
#9. Tara Pays $4,000 of the Accounts Payable she owes in Cash
#10. Tara collects $5,600 in cash from her account receivable customers
#11. Tara pays a $1,800 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 9/30/2023.
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