Question: This is all one problem, im sorry i know its alot to do Barbara Jones opened Barb's Book Business on Februery 1. You have been

This is all one problem, im sorry i know its alot to do  This is all one problem, im sorry i know its alot to do Barbara Jones opened Barb's Book Business on Februery 1. You have been hired to maintain the company's financial records. The following transactions occurred in February, the first month of operations. Received shareholders cash contributions on February 1 totaling $15.000 to form the corporation, issued 1,000 shares of common stock b Paid $3,375 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 Rent) At the end
of the e month, this account will be a Purchased and received supplies on February 3 for $720 cash. d Signed a promissory note on February 4, payable in two years: deposited $17000 in the company's bank account e On February 5, paid cash to buy equipment for
$5,500 and land for $11,500 fPlaced an advertisement in the local paper on February 6 for $890 cash g Recorded sales on February 7 totaling $4.400 $1.950 was in cash and the rest on accounts receivable
h Collected accounts receivable of $147 from customers on February 8 .

Barbara Jones opened Barb's Book Business on Februery 1. You have been hired to maintain the company's financial records. The following transactions occurred in February, the first month of operations. Received shareholders cash contributions on February 1 totaling $15.000 to form the corporation, issued 1,000 shares of common stock b Paid $3,375 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 Rent) At the end of the e month, this account will be a Purchased and received supplies on February 3 for $720 cash. d Signed a promissory note on February 4, payable in two years: deposited $17000 in the company's bank account e On February 5, paid cash to buy equipment for $5,500 and land for $11,500 fPlaced an advertisement in the local paper on February 6 for $890 cash g Recorded sales on February 7 totaling $4.400 $1.950 was in cash and the rest on accounts receivable h Collected accounts receivable of $147 from customers on February 8 . On February 9, repaired one of the computers for $153 cash djusted to its proper balance. TIP: Most repairs involve costs that do not provide additional future economic benefi J Incurred and paid employee wages on February 28 of $640 Required: 1. Prepare the journal entry for each of the above transactions 2. Post the transection ectivity from requirement t to the T-Accounts below All accounts begin with zero balances because this is the first month of operetions. 4-a. Rfer to the revenues and expenses snown on the unad usted trial balance, Besed on this information, calculate preliminary net 4-b.D 3. Prepare an unadjusted trial b income and net profit margin? hen the 13 percent earmed by a close competitor

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