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After its first month of operations, Paquette Advisors showed the following account balances in its general ledger accounts (T-accounts) as at January 31, 2020. Cash

After its first month of operations, Paquette Advisors showed the following account balances in its general ledger accounts (T-accounts) as at January 31, 2020.

Cash Accounts Receivable Office Equipment
15,000 3,800 22,500

Accounts Payable Unearned Revenue Aaron Paquette, Capital
8,000 2,600 9,500

Aaron Paquette, Withdrawals Consulting Revenues Salaries Expense
2,000 41,700 10,000

Rent Expense Utilities Expense
7,500 1,000

During February, the following transactions occurred:

Feb. 1 Performed work for a client and received cash of $8,500.
5 Paid $5,000 regarding outstanding accounts payable.
10 Received cash of $3,600 for work to be done in March.
12 Called FasCo Rentals to book the use of some equipment next month. The $400 rental fee will be paid in full when the equipment is returned.
17 The owner withdrew cash of $3,000 for personal use.
28 Paid salaries of $10,000.

Required: 1. Record the journal entries for the month of February. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Post the transactions from your General Journal to the General Ledger (T-accounts below). Include the date next to each posting.

3. Prepare a trial balance based on the balances in your T-accounts.

4. Prepare an income statement for the two months ended February 28, 2020.

5. Prepare a statement of changes in equity for the two months ended February 28, 2020.

6. Prepare the balance sheet as at February 28, 2020.

Pls just number 5 answer

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