Educational TV was organized in February 19 _ , to operate as a local television station. The account titles and numbers used by the business are listed below:

The transactions for February were as follows:
Feb. 1 Alice Wilson deposited $288,000 cash in a bank checking account in the name of the business, Educational TV.
Feb. 2 Educational TV purchased the land, buildings, and telecasting equipment previously used by a local television station which had gone bankrupt. The total purchase price was $249,000, of which $90,000 was attributable to the land, $75,000 to the building, and the remainder to the telecasting equip¬
ment. The terms of the purchase required a cash payment of $179,000 and the issuance of a note payable for the balance.
Feb. 5 Purchased a transmitter at a cost of $195,000 from AC Mfg. Co., making a cash down payment of $60,000. The balance, in the form of a note payable, was to be paid in monthly installments of $11,250, beginning February 15.
(Interest expense is to be ignored.)

Feb. 9 Purchased a film library at a cost of $31,995 from Modern Film Produc¬
tions, making a down payment of $14,000 cash, with the balance on account payable in 30 days.
Feb. 12 Bought supplies costing $2,925, paying cash.
Feb. 15 Paid $11,250 to AC Mfg. Co. as the first monthly payment on the note payable created on February 5. (Interest expense is to be ignored.)
Feb. 25 Sold part of the film library to City College; cost was $8,000 and the selling price also was $8,000. City College agreed to pay the full amount in 30 days.
Instructions a Prepare journal entries for the month of February.
b Post to ledger accounts of the three-column running balance form.
c Prepare a trial balance at February 28, 19 _

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Cash 11 Telecasting equipment 24 Accounts receivable. 15 Film library 25 Supplies 19 Notes payable 31 Land 21 Accounts payable 32 Building Transmitter 22 Alice Wilson, capital 51 23