A. Prepare opening t accounts for the month of February and post journal entries to appropriate T-accounts.

B. Prepare journal entries for transactions in the month of February.

C. Prepare a trial balance at FEB 28 list accounts in the chart of accounts.

ShirtCraft, Inc. Trial Balance January 31 Debit $5,600 12,890 9,235 1,500 30,500 Credit O Cash Accounts Receivable Supplies Prepaid Rent Equipment 7,625 6,400 15,000 25,000 9,650 Accounts Payable Unearned Revenue Notes Payable Common Stock Service Revenue Salaries Expense Utilities Expense Dividends 2,300 650 1,000 Totals $63,675 During February the following transactions occurred: Feb. 1 Billed customers $2,500 for services rendered. 1 Paid $150 interest on note from bank. 4 Received $4,500 from customers billed in January 8 Bought $560 of office supplies on account. 12 Completed a $3,500 service for which pay- ment was received in January. 18 Paid $1,895 towards a January purchase of supplies on account 26 Pald $ 1,000 in dividends to stockholders. 27 Pald $2, 100 for February salaries and $775 for February utilities Required