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The following information applies to the questions displayed below Kaylee James, a connoisseur of fine chocolate, opened hired as mansger Your duties include maintaining the

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The following information applies to the questions displayed below Kaylee James, a connoisseur of fine chocolate, opened hired as mansger Your duties include maintaining the store's financial records. The following transactions occurned in Februery, the first month of operations Kaylee's Swees n Collegetown on February1. The shop specia tes n a selection of ge m et chocolate cand a adine or gourmet ee oorn o hive a Received four shereholdens contributions totaling $28.900 cash to b. Paid three months' rent for the store at $1780 per month (recorded as prepaid expenses) c Purchased and received candy for $5,600 on account, due in 60 deys ed 600 shares of $010 per value common stock d. Purchased supplies for $1,430 cash. e. Negotiated and signed a two-year $12,000 loan at the bank, recoiving cash at the time. t Used the money from (e) to purchase a computer for $2,750 (for recordkeeping and inventory trackingk used the balance for furniture and fxtures for the store. g. Placed a grand opening advertisement in the local paper for $430 cash; the ad ran in the current month h Made sales on Valentine's Dey totaling $3,600; $2,670 was in cash and the rest on accounts ecelvable. The cost of the candy sold was $1800 L Made a $560 payment on accounts payable. J Incurred and paid employee wages of $1700 k. Collected accounts receivable of $160 from customers L Made a repair to one of the display cases for $125 cash m. Made cash sales of $3,00 during the nest of the month. The cost of the candy sold was $1.910 2. 714 points Required Required: 1 & 2. Record in the T-accounts the efects of each transaction for Kaylee's Sweets in Febnuary, neflerencing each transaction in the accounts with the transaction letter. Show the ending balances in the T-accounts An example amount has been posted to the Cash T-Account from transaction () Beg ba Beg ba

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