Instructions 1. Enter February transactions in the general journal. 2. Post the transactions to the general ledger. 3. Prepare a trial balance. 4. Journalize and post adjusting entries. 5. Prepare an adjusted trial balance. 6. Prepare the financial statements. 7. Prepare the closing entries and post to the general ledger. 8. Prepare an A/P \& AR schedule to verify ending account balances. (The A/R schedule lists customers' names and balanees at the end of February. The total of the A/R schedule should equal the A/R balance on the trial balance. Similarly, the A/P schedule lists creditors and the amount owed to each at the end of February. The total of the A/P schedule should equal the balance of A/P on the trial balance.) Transactions 2/1/XI Issued check #100 for $275 to MailHouse for postage and handling on a mass marketing letter Sam sent out that aftemoon. 2/2/X1 Signed a 1 year lease for office space and paid February"s rent of $1,200 by issuing check =101 to Kwant Co. 2/2/X1 Issued check #102 to SpyCo. for $8,900 to purchase electronic surveillance equipment to observe clients' dates and better understand their dating problems. 2/3/X1 Performed a dating consultation for Dinah Toluvia and billed Dinah 57,000 . 2/3/X1 Purchased 6 month's liability insurance issuing check \#103 to Travelers Insurance for \$1,200. 2/4/X1 Sam's Singles Service received \$12,000 and issued shares of common stock to Amanda Friend. 2/5/X1 Received \$3,500 total for services performed the previous month. (\$500 from Jim Dudley. $2,000 from Paul Gooseman, and \$1,000 from Tammy Talkmuch.) 2/7/XI Hosted Ivy League Speed Dating Night where Ivy League graduates paid $60 each to go on a number of 5 minute "dates." 50 people attended the event and cash was collected from all but five of the participants, who agreed to mail in a check later that week. (The names of the five unpaid participants were: John Good, Brandon Broke, Wendy Jones, Ima Welch, and Skip Townsend.) 2/8/X1 Received an invoice for $500 from SF News \& Review for an advertisement that ran in last week's newspapers (invoice \# 52A7J). 2/8/X1 Samantha was approached by Cy Burnette, a successful young intemet entrepreneur that can't seem to get a second date. Samantha agreed to observe one of Cy's dates and explain what he's doing wrong. 2/9/X1 Paid outstanding invoices to Sun Company \$350; Moon Company \$500; and Stars Company \$1,150 issuing checks \#104-106. (The expenses for these invoices were accrued last month.)