1. Prepare journal entries for each transaction listed above (with descriptions).

2. Post journal entries to the general ledger accounts.

3. Prepare an unadjusted trial balance.

4. Prepare all necessary adjusting journal entries (with descriptions) and post to the general ledger.

5. Prepare an adjusted trial balance.

6. Prepare the following financial statements:

a. Income Statement

b. Statement of Stockholders' Equity

c. Balance Sheet (classified)

7. Prepare closing entries and post to the general ledger.

.......... 10,250 20,500 15,264 February Rent on the storage facility for the month is paid in the amount of............. Salaries for the previous month are paid in the amount of.. A partial payment is made on account for supplies purchased earlier....... The company pays for advertisements to be run during the current month in the amount of. 10 Services are performed for cash in the amount of................. Services are performed on account in the amount of.. 20 Cash is received from credit customers for services performed in the previous month in the amount of... Services performed for the customer who paid in advance totaled. Gasoline for the lawn mowers for the current month is paid in cash in the amount of. 1,614 35,732 18,081 ......... ..... 15,498 2,460 25 27 2,422