J$.$ Kamas and G$.$ Charrier have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Incorporated. The following transactions occurred in March:

Received $$105,000$ cash from each of the two shareholders to form the corporation, in addition to $$4,500$ in accounts receivable, $$10,300$ in equipment, a van $($equipment$)$ appraised at a fair value of $$18,000,$ and $$2,450$ in supplies. Gave the two owners each $1,000$ shares of common stock with a par value of $$1$ per share.

Purchased a vacant store for sale in a good location for $$610,000,$ making a $$122,000$ cash down payment and signing a $10-$year mortgage note from a local bank for the rest.

Borrowed $$75,000$ from the local bank on a $10$ percent, one$-$year note.

Purchased food and paper supplies costing $$15,200$ in March; paid cash.

Catered four parties in March for $$6,700$; $$2,100$ was billed and the rest was received in cash.

Sold food at the retail store for $$18,150$ cash.

Used food and paper supplies costing $$11,330.$

Received a $$670$ telephone bill for March to be paid in April.

Paid $$613$ in gas for the van in March.

Paid $$11,280$ in wages to employees who worked in March.

Paid a $$550$ dividend from the corporation to each owner.

Purchased $$75,000$ of equipment $($refrigerated display cases, cabinets, tables, and chairs$)$ and renovated and decorated the new store for $$32,500($added to the cost of the building$)$; paid cash.

Required:

$2.$ Record in the T$-$accounts the effects of each transaction for Traveling Gourmet, Incorporated, in March.