The wordions relating to the formation of blue care ne and instrument of operatore folow The tum was organised and the stockholders invested cash of $1.000 1. The bowed 3.500 from the short was ned Delays and there are so were chased for cash. The original list price of the end 30, but it was recebecause the car was having A store location was and 51300 was paid for the first montrent ventory of $15.300 purchased $9.300 cash was paid to the suppliers and the bence will be paid wo days During the first week of operation marchandise that had cost $1.600 sold for $6.00 h Apperadogo wanged for tran during the second week of the store's person. The will be paid for in the month Additional Inventory couting 54.000 was purchased cash of $1200 waspadane balance is dus in 30 days Last weeks of the footh sales totale $14.000, of which 39.900 was sold on account. The cost of the goods sold 50.000 Employee wages for the month old 52.000 these will be paid during the first week of the more The collected a total of $3.500 from the son account recorded action The made total of 4050 of the amount owed to suppliers from transaction Required cerdachsacion in the porte columns indicate the financial statement effect Caldate the total sabor and stockholder equity at the end of the month and create the amount of income for Au completing portes ought prepare an income statement for Car Stars tre for the man wanted med a balance shot at the end of the month Complete this question by entering your answers in the tale below. med Bronin the same India the financement wedi ADSETS LISTES STOCKHOLDERFEQUITY Ree Po Cal 8000 . R> The transactions relating to the formation of Blue Co. Stores Inc., and its first month of operations follow, a. The firm was organized and the stockholders invested cash of $8,000. b. The firm borrowed $5,500 from the bank, a short-term note was signed c. Display cases and other store equipment costing $1,500 were purchased for cash. The original list price of the equipment was $1,930, but a discount was received because the seller was having a sale. d. A store location was rented, and $1,300 was paid for the first month's rent. e. Inventory of $15.200 was purchased, $9.300 cash was peld to the suppliers, and the balance will be paid within 60 days, 1. During the first week of operations, merchandise that had cost $3,600 was sold for $6,800 cash 9. A newspaper ad costing $120 was arranged for, it ran during the second week of the store's operations. The ad will be paid for in the next month h. Additional Inventory costing $4,000 was purchased, cash of $1.200 was paid, and the balance is due in 30 days L. In the last three weeks of the first month, sales totaled $14,000, of which $9.900 was sold on account. The cost of the goods sold totaled $8,000 J. Employee wages for the month totaled $2,000, these will be paid during the first week of the next month k. The firm collected a total of $3,800 from the sales on account recorded in transaction i. 1. The firm paid a total of $4,050 of the amount owed to suppliers from transaction e. Required: a. Record each transaction in the appropriate columns. Indicate the financial statement effect b. Calculate the total assets, liabilities, and stockholders' equity at the end of the month and calculate the amount of net income for the month c. After completing parts a through t, prepare an income statement for Blue Co. Stores Inc. for the month presented and a balance sheet at the end of the month. Complete this question by entering your answers in the tabs below. Required A Required. Required C1 Required Calculate the total assets, abilities, and stockholders' equity at the end of the month and calculate the amount of net income for the month Assets Liabilities Stockholders' Equity Net Income The transactions relating to the formation of Blue Co Stores Inc., and its first month of operations follow 3. The firm was organized and the stockholders invested cash of $8,000 b. The firm borrowed $5,500 from the bank, a short-term note was signed. c. Display cases and other store equipment costing $1,500 were purchased for cash. The original list price of the equipment was $1,930, but a discount was received because the seller was having a sale. d. A store location was rented, and $1.300 was paid for the first month's rent e Inventory of $15,200 was purchased; $9,300 cash was paid to the suppliers, and the balance will be paid within 60 days. t. During the first week of operations, merchandise that had cost $3,600 was sold for $6,800 cash. 9. A newspaper ad costing $120 was arranged for it ran during the second week of the store's operations. The ad will be paid for in h. Additional inventory costing $4,000 was purchased cash of $1,200 was paid, and the balance is due in 30 days. In the last three weeks of the first month, sales totaled $14,000, of which $9,900 was sold on account. The cost of the goods sold totaled $8,000 J. Employee wages for the month totaled $2,000, these will be paid during the first week of the next month. k. The firm collected a total of $3,800 from the sales on account recorded in transaction 1. The firm paid a total of $4,050 of the amount owed to suppliers from transaction e. Required: a. Record each transaction in the appropriate columns. Indicate the financial statement effect. b. Calculate the total assets, liabilities, and stockholders' equity at the end of the month and calculate the amount of net income for the month c. After completing parts a through I, prepare an income statement for Blue Co. Stores Inc. for the month presented and a balance sheet at the end of the month Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required 2 After completing parts a through , prepare an income statement for Blue Co. Stores Inc. for the month presented. (Enter decreases with a minus sign to indicate a negative income statement effect.) BLUE CO. STORES INC Income Statement Effect The transactions relating to the formation of the Co Stores ine, and its first month of operations of The firm was organized and the stockholders invested cash of $8.000 b. The firm borrowed $5.500 from the bank a short-term mot assigned c. Display Cases and other store equipment costing $t 500 were purchased from the original ist price of the equipment wm d. A store location was rented, and so was paid for the first month's rent Inventory of 515.200 wa purchased $9.300 cash was paid to the suppliers and balance will be paid within 60 days. g. A newspaper ad costing $120 was arranged for at man during the second week of the store's certions. The ad will be paid for in the next month . Additional inventory costing $4,000 was purchased cash of $1200 was paid, and the balance is due in 30 days Lin the last three weeks of the first month, sales totale $14000, of which $9.900 was sold on account. The cost of the goods sold totaled 58.000 J. Employee wages for the month totaled $2.000, these wit be paid during the test week of the next month The firm collected a total of 3.800 from the sales on account recorded in transaction L The firm paid a total of $4.050 of the amount owed to suppliers from transaction Required Record esch transaction in the appropriate columns indicate the financial statement b. Calculate the total assets, liabilities, and stockholders equity at the end of the month and chicote the amount of cet income for the month c. Aer completing parts through I prepare an income statement for Blue Ca Stores ind for the month presented and a balance sheet at the end of the month Complete this question by entering your answers in the tabs below. Required Rewired Ahar completing serta teh prepares halance sheet to Be Co Stores in the end of the month BLUE CO STORES INC A Tools Lab 5 Stockholm TY Todoch Required 1