Question: Please help me with this question with its all parts, please Thank you 10. value: 2.00 points CP3-3 Analyzing the Effects of Transactions Using T-Accounts,

Please help me with this question with its all parts, please
Thank you  Please help me with this question with its all parts, please
Thank you 10. value: 2.00 points CP3-3 Analyzing the Effects of Transactions
Using T-Accounts, Preparing an Unadju Income and Net Profit Margin LO 3-1,
LO 3-2, LO 3-3, LO 3-4, LO 3-5] Barbara Jones opened Barb's
Book Business on February 1. You have been hired to maintain the
companys financial records. The following transactions occurred in February, the first month
of operations. 1. Received shareholders' cash contributions on February 1 tolaling $23,000
to form the corporation; issued 1,000 shares of common stock. 2. Paid
$2,625 cash on February 2 for three months' rent for office space
TIP: For convenience, simply record the full amount of the payment as
an asset (Prepaid Ren end of the month, this account will be
adjusted to its proper balance. 3. Purchased supplies on February 3 for
$330 cash. 4. Signed a promissory note on February 4, payable in
two years, deposited $15,600 in the company's bank account. 5. On February
5, purchased equipment for $5,400 and land for S10,200 6. Placed an

10. value: 2.00 points CP3-3 Analyzing the Effects of Transactions Using T-Accounts, Preparing an Unadju Income and Net Profit Margin LO 3-1, LO 3-2, LO 3-3, LO 3-4, LO 3-5] Barbara Jones opened Barb's Book Business on February 1. You have been hired to maintain the companys financial records. The following transactions occurred in February, the first month of operations. 1. Received shareholders' cash contributions on February 1 tolaling $23,000 to form the corporation; issued 1,000 shares of common stock. 2. Paid $2,625 cash on February 2 for three months' rent for office space TIP: For convenience, simply record the full amount of the payment as an asset (Prepaid Ren end of the month, this account will be adjusted to its proper balance. 3. Purchased supplies on February 3 for $330 cash. 4. Signed a promissory note on February 4, payable in two years, deposited $15,600 in the company's bank account. 5. On February 5, purchased equipment for $5,400 and land for S10,200 6. Placed an advertisement in the local paper on February 6 for $740 cash. 7. Recorded sales on February 7 totaling $3,950, $1,700 was in cash and the rest on accounts receivable. 8. Collected accounts receivable of $114 from customers on February 8 9. On February 9, repaired one of the computers for $139 cash. 10. Incurred and paid employee wages on February 28 of $850 TIP: Most repairs involve costs that do not provide additional future economic benefits. Required 1. Prepare the journal entry for each of the above transactions (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) view general journal view transaction list

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