Create a General Ledger for the Month of February (January's transactions will be listed below February's adjusting transactions.) I just need a general journal for the month of February but you will need a few of the transactions from January to complete the general journal for the month of February.

February Transactions:

During the month of February 2016, the following transactions occur.

1 The owner hires Joshua Smith as an assistant at an hourly wage of $8 to help with cookie making and some administrative duties.

5 The owner teaches the class that was booked on January 25. The balance outstanding is received. (Hint: This entry should have three accounts)

8 The company receives a check for the amount due from Jefferson preschool for the class given on January 28

9 The company receives $750 in advance from Stoughtons local school board for five classes that the company will give during February and March.

15 Pays the cell phone invoice outstanding at January 28.

16 Issues a check to Websites and More Inc. for the amount owed for the design of the website.

19 Receives a deposit of $60 on a cookie class scheduled for early March at the YMCA.

23 Additional revenue earned during the month for cookie-making classes amounts to $4,000 from Madison school system. $3,000 in cash has been collected and $1,000 is still outstanding.

23 Additional supplies of sugar, flour, and chocolate chips purchased during the month amount to $1,250 cash.

23 Issues a check to the assistant for $800. Her assistant worked approximately 100 hours from the time in which she was hired until February 23.

28 Pays a dividend of $500 to the common shareholder (owner). As of February 29, the companys following adjusting entry data are provided.

February Adjusting Entry Data:

Adjusting entries for February are also recorded in the same area, but be sure to check the box for adjusting entries. Date all entries as of 2/29/16.

Depreciation is recorded on the baking equipment purchased in January. The baking equipment has a useful life of 5 years. Assume that 2 months worth of depreciation is required.

Amortization (which is similar to depreciation) is recorded on the website. (Credit the Website account directly for the amount of the amortization.) The website is amortized over a useful life of 2 years and was available for use on February 1.

Interest on the note payable is accrued. (Assume that 1.5 months of interest accrued during January and February.) Round to nearest dollar.

One months worth of insurance has expired.

The owner is unexpectedly telephoned on February 28 to give a cookie class at the neighborhood community center on February 30. In early March, the company sends an invoice for $450 to the community center.

A count reveals that $1,025 of baking supplies were used.

A cell phone invoice from AT&T is received for $75. The invoice is for services provided during the month of February and is due on March 15.

Because the cookie-making class occurred unexpectedly on February 28 and is for such a large group of children, the assistant helps out. Her assistant worked 7 hours at a rate of $8 per hour. She will not be paid until the next month.

An analysis of the unearned revenue account reveals that two of the five classes paid for by Stoughtons school board on February 9 still have not been taught by the end of February. The $60 deposit received on February 19 for another class also remains unearned.

January Transactions:

In January 2016, after having incorporated, operations begin. The business will focus on offering cooking classes. The following events occur during Janurary. Be sure the adjusting entry box is NOT checked and the date is correct. Click save and new after each entry.

8 The owner, Natalie, opens a bank account for the company.

8 Issued $500 of the companys common stock for cash received by the owner.

11 The owner designs a brochure and a poster to advertise the company and services available.

11 The company pays $95 to EconPrint to have the advertising brochures and posters printed.

14 The company pays $125 to Sysco to purchase baking supplies, such as flour, sugar, butter, and chocolate chips.

15 The owner starts to gather some baking equipment to take with her when teaching the cookie classes. She has an excellent top-of-the-line food processor and mixer that originally cost her $550. Natalie decides to start using it only in her new business. She estimates that the equipment is currently worth $300, and she transfers the equipment into the business in exchange for additional common stock.

16 The company needs more cash to sustain its operations. The Natalies grandmother lends the company $2,000 cash, in exchange for a two-year, 9% note payable. Interest and the principal are repayable at maturity.

17 The company pays $900 for additional baking equipment from Restaurant Supply.

18 The owner schedules her first class with Middleton Senior center for January 26. She will receive $100 on the date of the class.

25 The owner books a second class with John Muir School for February 5 for $150. She receives a $60 cash down payment, in advance.

26 The owner teaches her first class, booked on January 18, and collects the $100 cash.

28* Websites and More Inc. develops a website for the company for advertising purposes. Websites and More Inc. charges the company $600 for the work, payable at the end of January. (Because the website is expected to have a useful life of two years before upgrades are needed, it should be treated as an asset.) Be sure the accounts payable is set up using the accounts payable account type under other account types in Quickbooks. In the name column, Websites and More will need to be identified as a vendor.

28 The company pays $1,200 for a one-year insurance policy from American Family.

28 ** The owner teaches a group of elementary school students at Jefferson preschool. At the end of the class, The owner leaves an invoice for $300 with the school principal. The principal says that he will pass it along to the business office and it will be paid sometime in February. Be sure the accounts receivable is set up using the accounts receivable account type under other account types in Quickbooks. In the name column, Jefferson Preschool will need to be identified as a customer

28 The owner receives a $50 invoice from AT&T for use of her cell phone. She uses the cell phone exclusively for her business. The invoice is for services provided in January, and payment is due on February 15.