closing entries for feb 28

Art of Coaching" ("TAC"), in which he will provide a series of lectures to scholastic and amateur coaches in Westchester County. Most of the lectures are to take place at the Westchester County Center. The business opened on February 1, 2023 and during the month the following occurred: 1. On February 1, Ted invested $35,000 in TAC. 2. On February 1, TAC rented office space in White Plains and paid February's rent of $2,500. 3. On February 3, TAC paid a fee to Westchester County - in the amount of $3,000, for using the County Center for his first lecture, which is scheduled to take place on February 28. 4. On February 5, TAC received $4,500 from local schools interested in having their coaches attend Ted's first lecture. 5. On February 6, Ted purchased computer equipment for TAC from Best Buy for $1,500 and wrote a check for that amount, and took the equipment with him when he left the store. 6. On February 9, Valhalla High School ordered $1,000 of tickets to Ted's first lecture and Ted sent the school a bill with the tickets. 7. On February 12, Ted took $2,000 from TAC to pay for a weekend away in the Catskills. 8. On February 15, TAC placed an ad in the local paper for the first lecture and received a bill from the Journal News for $500. 9. On February 20, TAC sold additional tickets to the first lecture, receiving $6,000.. 10. On February 28, the date of the first lecture, TAC paid his employees $2,000. INSTRUCTIONS: Enter all of the foregoing entries in the General Journal and post them into the general ledger. Do closing entries as of February 28. Thereafter, do a classified Balance Sheet, an Income Statement, and a Statement of Changes in Owner's Equity for TAC. You do not have to put in explanations for the entries