Facebook, Inc. has the following transactions for February 2024:

• Issued common stock for $100,000 cash.
• Purchased office equipment for $40,000 cash.
• Paid $10,000 for February rent.
• Sold services for $60,000, with a cost of $30,000.
• Paid $5,000 for utilities.

Required:

1. Record these transactions in the general ledger.
2. Prepare the trial balance as of February 28, 2024.
3. Discuss the importance of maintaining accurate ledger entries in financial accounting.