Tara opens Taras Treasures on September 1^st and has the following transactions for the first month:

• # 1: Tara opens Taras Treasures by investing $105,000 in exchange for stock (Gift)
• # 2. Tara BORROWS $250,000 Cash from the Bank on a Bank Loan Payable
• #3 Tara buys supplies for $7,200 using Accounts Payable
• #4. Tara Buys Equipment for $18,000 Cash
• #5. Tara pays her monthly rent of $3,500 in Cash
• #6. Tara earns $22,000 in Revenue on Accounts Receivable
• #7. Tara pays the weekly salaries of $6,500 in cash
• #8 Tara earns $11,00 in Revenue and receives Cash
• #9. Tara Pays $2,200 of the Accounts Payable she owes in Cash
• #10. Tara collects $5,500 in cash from her account receivable customers
• #11. Tara pays a $3,400 Dividend in Cash

Required:

1. Analyze the Business Transactions
2. Record them in the Journal
3. Post (Update) the Ledgers
4. Prepare a Trial Balance
5. Prepare the Income Statement, Statement of Retained Earnings and the Balance Sheet for the Month Ended 9/30/2023.