Karen Noonan opened Skysong Cleaning Services Inc. on February 1, 2022. During February, the following transactions were completed:

Feb. 1		Issued 5,500 shares of Skysong Cleaning Services common stock for $14,300. Each share has a $1.50 par.
1		Borrowed $8,800 on a 2-year, 6% note payable.
1		Paid $9,920 to purchase used floor and window cleaning equipment from a company going out of business ($5,300 was for the floor equipment and $4,620 for the window equipment).
1		Paid $240 for February Internet and phone services.
3		Purchased cleaning supplies for $1,080 on account.
4		Hired 4 employees. Each will be paid $530 per 5-day work week (Monday Friday). Employees will begin working Monday, February 9.
5		Obtained insurance coverage for $10,820 per year. Coverage runs from February 1, 2022, through January 31, 2023. Karen paid $2,705 cash for the first quarter of coverage.
5		Discussions with the insurance agent indicated that providing outside window cleaning services would cost too much to insure. Karen sold the window cleaning equipment for $4,350 cash.
16		Billed customers $4,290 for cleaning services performed through February 13, 2022.
17		Received $612 from a customer for 4 weeks of cleaning services to begin February 21, 2022. (By paying in advance, this customer received 10% off the normal weekly fee of $170.)
18		Paid $330 on amount owed on cleaning supplies.
20		Paid $3 per share to buy 330 shares of Skysong Cleaning Services common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares.
23		Billed customers $4,730 for cleaning services performed through February 20.
24		Paid cash for employees wages for 2 weeks (February 913 and 1620).
25		Collected $2,750 cash from customers billed on February 16.
27		Paid $240 for Internet and phone services for March.
28		Declared and paid a cash dividend of $0.25 per share.

1. Journalize the following adjustments. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 1,527.)

1.		Services performed for customers through February 27, 2022, but unbilled and uncollected were $4,180.
2.		Received notice that a customer who was billed $220 for services performed February 10 has filed for bankruptcy. Skysong Cleaning Services does not expect to collect any portion of this outstanding receivable.
3.		Skysong Cleaning Services uses the allowance method to estimate bad debts. Skysong Cleaning Services estimates that 3% of its month-end receivables will not be collected.
4.		Record 1 month of depreciation for the floor equipment. Use the straight-line method, an estimated life of 4 years, and $550 salvage value.
5.		Record 1 month of insurance expense.
6.		An inventory count shows $440 of supplies on hand at February 28.
7.		One week of services were performed for the customer who paid in advance on February 17.
8.		Accrue for wages owed through February 28, 2022.
9.		Accrue for interest expense for 1 month.
10.		Karen estimates a 20% income tax rate. (Hint: Prepare an income statement up to income before taxes to help with the income tax calculation.)

2. Post Adjusting entries to the T-accounts.

3. Prepare an adjusted trial balance.

4. Prepare a multiple-step income statement, a retained earnings statement, and a properly classified balance sheet as of February 28, 2020.

5. Journalize closing entries.

journalize adjusting entries and the other questions. The other entries were journalized before.

(more information to respond the questions feom before)

Joumalize the February transactions. Credit accounties are automatically indented when amount presented in the problem.) Date Account Titles and Explanation Credit Common Stock 00 6050 Pald-in Capital in Excess of Par Value-Common! (To record issuance of common stock in excess of par) Cash Notes Payable 8800 (To record purchase of notes payable) Equipment (To record purchase of equipment) utilities Expanse (To record payment of internet and pron ) Accounts Payable No Erit NE PS Torta (To record peyment of Internet and phone services) Supplie Accounts Payable No Entry No Entry Prepaid Insurance Cash (To record payment of insurance) Cash Loss on Disposal of Plant Assets Equipment (To record sale of equipment) Accounts Receivable Care Revenue Tre S e here to search Help System AULL (To record sale of equipment) Accounts Receivable Service Revenue Feb. 17 cash Unearned Service Revenue Accounts Payable Cash Treb. 20 T Treasury Stock I Cash Accounts Receivable Service Revenue Salaries and Wages Expense Casti Hepstem Announcements OURCES Prepare a trial balance at February 28, 2022. SKYSONG CLEANING SERVICES INC. Trial Balance 2/28/22 Study Accounts Receivable Supplies Prepaid Insurance nice Prepaid Expenses pensets T T 2705 T 240 Equipment Accounts Payable ayable Notes Payable 8.800 Uncamned Service Revenue Common Stock Paid-in Capital in Excess of Par Value-comme Cash Dividends Trury Stod Type here to search Joumalize the February transactions. Credit accounties are automatically indented when amount presented in the problem.) Date Account Titles and Explanation Credit Common Stock 00 6050 Pald-in Capital in Excess of Par Value-Common! (To record issuance of common stock in excess of par) Cash Notes Payable 8800 (To record purchase of notes payable) Equipment (To record purchase of equipment) utilities Expanse (To record payment of internet and pron ) Accounts Payable No Erit NE PS Torta (To record peyment of Internet and phone services) Supplie Accounts Payable No Entry No Entry Prepaid Insurance Cash (To record payment of insurance) Cash Loss on Disposal of Plant Assets Equipment (To record sale of equipment) Accounts Receivable Care Revenue Tre S e here to search Help System AULL (To record sale of equipment) Accounts Receivable Service Revenue Feb. 17 cash Unearned Service Revenue Accounts Payable Cash Treb. 20 T Treasury Stock I Cash Accounts Receivable Service Revenue Salaries and Wages Expense Casti Hepstem Announcements OURCES Prepare a trial balance at February 28, 2022. SKYSONG CLEANING SERVICES INC. Trial Balance 2/28/22 Study Accounts Receivable Supplies Prepaid Insurance nice Prepaid Expenses pensets T T 2705 T 240 Equipment Accounts Payable ayable Notes Payable 8.800 Uncamned Service Revenue Common Stock Paid-in Capital in Excess of Par Value-comme Cash Dividends Trury Stod Type here to search