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