Analyze each transaction statement and prepare the appropriate journal entry(s)

Analyze each transaction statement and prepare the appropriate journal entry(s) to account for DTC Watches Incorporated operating activities for Fiscal Year(January – December) 2012.

On January 1, 2012 Donna, Tara, and Christopher invested $500,000 cash, land worth $250,000 and a Warehouse Facility worth $350,000 to form DTC Watches Incorporated. DTC Watches Inc will function as a retailer in the business of buying and selling custom watches

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