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

#1: Tara opens Taras Treasures by investing $45,000 in exchange for stock (Gift)

#2.Tara BORROWS $100,000 Cash from the Bank on a Bank Loan Payable

#3. Tara buys supplies for $4,500 using Cash

#4. Tara Buys Equipment for $32,000 on an Accounts Payable

#5. Tara pays her monthly rent of $2,000 in Cash

#6. Tara earns $15,000 in Revenue and collects the Cash

#7. Tara pays the weekly salaries of $5,000 in cash

#8. Tara earns $3,500 in Revenue on Accounts Receivable

#9. Tara Pays $8,000 of the Accounts Payable she owes in Cash

#10. Tara collects $500 in cash from her account receivable customers

#11. Tara pays a $3,800 Dividend in Cash

Required:

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