Please also provide an income statement to coincide with this data

Question 1 of 1 13.62 / 50 E View Policies Show Attempt History Current Attempt in Progress Karen Noonan opened Marin Cleaning Services Inc. on February 1, 2022. During February, the following transactions were completed: Feb. 1 1 Issued 6,200 shares of Marin Cleaning Services common stock for $16,120. Each share has a $1.50 par. Borrowed $9.920 on a 2-year, 6% note payable. a 2 Paid $11,180 to purchase used floor and window cleaning equipment from a company going out of business ($5,980 was for the floor equipment and $5,200 for the window equipment). 1 1 Paid $270 for February Internet and phone services. 3 Purchased cleaning supplies for $1,220 on account 4 Hired 4 employees. Each will be paid $600 per 5-day work week (Monday-Friday). Employees will begin working Monday, February 9. Obtained insurance coverage for $12,200 per year. Coverage runs from February 1, 2022, through January 31, 2023. Karen paid $3,050 cash for the first quarter of coverage. 5 5 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 $4,900 cash 16 Billed customers $4.840 for cleaning services performed through February 13, 2022. 17 18 20 Received $684 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 $190.) Paid $370 on amount owed on cleaning supplies. . Paid $3 per share to buy 370 shares of Marin Cleaning Services common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares. Billed customers $5,330 for cleaning services performed through February 20. Paid cash for employees' wages for 2 weeks (February 9-13 and 16-20). 23 24 25 Collected $3,100 cash from customers billed on February 16. 27 Paid $270 for Internet and phone services for March. Declared and paid a cash dividend of $0.35 per share. a $. 28 (a) Your answer is correct. Journalize the February transactions. (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 for the amounts. Record journal entries in the order presented in the problem.) Question 1 of 1 13.62 / 50 Journalize the February transactions. (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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Feb. 1 Cash 16120 Common Stock 9300 Pald-In Capital In Excess of Par Value-Common Stock 6820 (To record issuance of common stock in excess of par) Feb. 1 Cash 9920 Notes Payable 9920 (To record purchase of notes payable) Feb. 1 Equipment 11180 Cash 11180 (To record purchase of equipment) Feb. 1 Utilities Expense 270 Cash 270 (To record payment of internet and phone services) Feb. 3 Supplies 1220 Accounts Payable 1220 Feb. No Entry 0 No Entry Feb. 5 Prepald Insurance 3050 Cash 3050 (To record payment of insurance) b.5 Cash 4900 Loss on Disposal of Plant Assets 300 Equipment 5200 Question 1 of 1 13.62 / 50 Feb. 16 V Accounts Receivable 4840 Service Revenue 4840 Feb. 17 V Cash 684 Unearned Service Revenue Feb. 18 V Accounts Payable 370 Cash Feb. 20 Treasury Stock 1110 Cash 1110 Feb 23 Accounts Recevable 5330 Service Revenue 5330 Feb. 24 V Salarles and Wages Expense 4800 Cash 4800 Feb. 25 V Cash 3100 Accounts Recevable 3100 Feb 27 V Prepald Expenses 270 Cash 270 Feb 28 Cash Dividends 2040.5 Cash 2040.5 eTextbook and Media List of Accounts Attempts: 2 of 3 used Question Part Score 4.54/4.54 (b) Question 1 of 1 13.62 / 50 Post to the ledger accounts. (Post entries in the order of journal entries presented above.) Cash 2/1 26120 211 11180 2/1 9920 | 2/1 270 2/5 4900 | 2/5 3050 2/17 684 2/18 370 2/25 3100 2/20 1110 2/24 4800 2/27 2/28 2040.5 2/28 Bal. 11633.5 Accounts Receivable 2/16 4840 | 2/25 3100 2/23 5330 Supplies 2/3 1220 Prepaid Insurance 2/5 3050 Prepaid Expenses 2/27 270 2/28 Bal. 270 Equipment 2/1 11180 2/5 5200 Accounts Payahle Question 1 of 1 13.62 / 50 Accounts Payable 2/18 370 2/3 1220 Notes Payable 2/1 9920 Unearned Service Revenue 2/17 684 Common Stock 2/1 9300 Paid in Capital in Excess of Par 2/1 6820 Cash Dividends 2/28 2040.5 Treasury Stock 2/20 1110 Service Revenue 2/16 4840 2/23 5330 Utilities Expense Salaries and Wages Expense 2/24 4800 Loss on Disposal of Plant Assets 2/5 300 Question 1 of 1 13.62 / 50 MARIN CLEANING SERVICES INC Trial Balance 2/28/22 Debit Credit Cash 11633.5 Accounts Recelvable 7070 Supplies 1220 Prepald Insurance 3050 Prepaid Expenses 270 Equipment 5980 Accounts Payable 850 Notes Payable 9920 Unearned Service Revenue 684 Common Stock 9300 Pald-in Capital In Excess of Par Value-Common Stock 6820 Cash Dividends 2040.5 Treasury Stock 1110 Service Revenue 10170 Utilitles Expense 270 Salaries and Wages Expense 4800 Loss on Disposal of Plant Assets 300 Totals 37744 $ 37744 e Textbook and Media List of Accounts Attempts: 1 of 3 used Question 1 of 1 13.62 / 50 : (d) 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 for the amounts. Record journal entries in the order presented in the problem. Round answers to decimal places, e.g. 1,527.) 1. Services performed for customers through February 27, 2022, but unbilled and uncollected were $4,710. 2. Received notice that a customer who was billed $250 for services performed February 10 has filed for bankruptcy. Marin Cleaning Services does not expect to collect any portion of this outstanding receivable. 3. Marin Cleaning Services uses the allowance method to estimate bad debts. Marin 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 $620 salvage value. 5. Record 1 month of insurance expense. 6. An inventory count shows $500 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.) No. Account Titles and Explanation Debit Credit Question 1 of 1 13.62 / 50 III No. Account Titles and Explanation Debit Credit 1. Accounts Receivable 4710 Service Revenue 4710 2. Allowance for Doubtful Accounts 250 Accounts Receivable 250 3. Bad Debt Expense Allowance for Doubtful Accounts 4. Depreciation Expense Accumulated Depreciation-Equipment 5. Insurance Expense Prepaid Insurance 6. Supplies Expense Supplies 7. Unearned Service Revenue Service Revenue Question 1 of 1 13.62 / 50 III : 5. Insurance Expense Prepaid Insurance 6. Supplies Expense Supplies 7. Unearned Service Revenue Service Revenue 8. Salaries and Wages Expense Salaries and Wages Payable 9. Interest Expense Interest Payable 10. Income Tax Expense Income Taxes Payable e Textbook and Media Lict of Account