Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. \begin{tabular}{|l|r|r|r|} \hline \multicolumn{3}{|c|}{ Cash } \\ \hline Boginning Balance & 16,000 & 2,400 & \\ \hline & 1,525 & 300 & \\ \hline & 50 & 2,500 & \\ \hline & & 7,500 & \\ \hline & & 425 & \\ \hline & & 120 & \\ \hline & & 420 & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} d. On September 15, LTC paid \$1,500 to employees for the hours they worked from September 1 to 15 . e. For the two weeks ended September 25, LTC provided 360 court-hours for members and collected its fees in cash. 1 On September 26, LTC's courts were used for a member's birthday party. LTC expects the member to pay the special event booking fee of $210 on Saturday, October 2 9. On September 27, LTC wrote a $300 check to an advertising company to prepare advertising flyers that will be inserted in local newspapers on October 1. h. On September 29, LTC received $210 on account for the member's birthday party that was held on September 26. 1. On September 30 , LTC submitted its electricity and natural gas meter readings online. According to the suppliers' websites, the total charges for the month will be $300. This amount will be paid on October 17 through a preauthorized online payment. quired: ndicate the accounting equation effects of the August and September events, using table below. (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.) Barbare Jones opened Barb's Book Business on February 1. You have been hired to maintain the company's financial records. The following transactions occurred in February, the first month of operations. a. Recelved shareholders' cash contributions on February 1 totaling $16,000 to form the corporation; issued 1,000 shares of common stock. b. Paid $2,400 cash on February 2 for three months' rent for office space. TIP: For convenience, simply record the full amount of the payment as an asset (Prepaid Rent). At the end of the month, this account will be adjusted to its proper balance. c. Purchased and received supplies on February 3 for $300 cash. d. Signed a promissory note on February 4 , payable in two years; deposited $10,000 in the company's bank account. e. On February 5 , paid cash to buy equipment for $2,500 and land for $7,500. f. Placed an advertisement in the local paper on February 6 for $425 cash. g. Recorded sales on February 7 totaling $1,800; $1,525 was in cash and the rest on accounts receivable. h. Collected accounts recelvable of $50 from customers on February 8. 1. On February 9 , repaired one of the computers for $120 cash. TIP. Most repairs involve costs that do not provide additional future economic benefits. f. Incurred and paid employee wages on February 28 of $420 Required: 1. Prepare the journal entry for each of the above transactions. 2. Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. 3. Prepare an unadjusted trial balance ot the end of February. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary net income and net profit margin? 4-b. Determine whether the net profit margin is better or worse than the 10.0 percent earned by a close competitor. Complete this question by entering your answers in the tabs below. \begin{tabular}{|l|l|l|l|} \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Advertising Expense } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Salaries and Wages Expense } \\ \hline Boginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}