Received four shareholders' contributions totaling $29,000 cash to form the corporation; issued 500 shares of $0.10 par value common stock. Paid three months' rent for the store at $1,810 per month (recorded as prepaid expenses). Purchased and received candy for $6,200 on account, due in 60 days. Purchased supplies for $1,330 cash. Negotiated and signed a two-year $11,000 loan at the bank, receiving cash at the time. Used the money from (e) to purchase a computer for $3,450 (for recordkeeping and inventory tracking); used the balance for furniture and fixtures for the store. Placed a grand opening advertisement in the local paper for $430 cash; the ad ran in the current month. Made sales on Valentine's Day totaling $3,500; $2,625 was in cash and the rest on accounts receivable. The cost of the candy sold was $1,700. Made a $620 payment on accounts payable. Incurred and paid employee wages of $1,600. Collected accounts receivable of $190 from customers. Made a repair to one of the display cases for $105 cash. Made cash sales of $3,100 during the rest of the month. The cost of the candy sold was $1,910.