Bowling Corporation had the following transactions occur during February:

Bowling purchased $$385,000$ in inventory on credit.

Bowling received $$20,000$ in cash from customers for subscriptions that will not begin until the following month.

Bowling signed a note from Midwest Bank for $$80,000.$

Bowling sold all the inventory purchased in $(1)$ above for $$520,000$ on account.

Bowling paid employees $$73,000$ for some of the services performed during January.

Bowling purchased land for $$65,000$ in cash.

Bowling received $$515,000$ in cash from customers paying off some of January's accounts receivable.

Bowling paid dividends to stockholders in the amount of $$3,000.$

Bowling owes its employees $$91,000$ for work performed during February but not yet paid.

Bowling paid $$365,000$ on its accounts payable.

Bowling paid taxes in cash of $$43,000.$

Required:

Prepare journal entries for the above transactions.

Complete the T$-$accounts below. Numbers already under the accounts represent the prior balance in that account. Opening T$-$Account Balances

$\backslash$table$[[$Retained Earnings,Sales Revenue,Cost of Goods Sold,Salary Expense$],[,220,000,0,0],[$Tax Expense,Dividends,,$],[0,,0,,]]$

$3$ Prepare a trial balance for February.