Really Struggling with this question Part B & C.

Please answer all parts to question to be able to understand process.

P2.11A ( LO 2, 3, 4) AP. Derek Scotfin owns and operates YH Curling School on evenings and weekends, fournalize rrassactions, post, and The company had the following balances in its general ledger at January 31, 2021: Cash \$2,100, Accounts prepare trial balance and financial Receivable $720, Equipment $12,400, Accounts Payable $1,470, and D. Scoffin, Capital \$13,750. The fol- statements. lowing events and transactions occurred during February 2021 . Feb. 1 Received and paid a$430 advertising bill. 2. Paid the YH Curling Club \$1,050 rent for use of the loe for lessons during the first two weeks of February. 3 Collected $4,240 cash for February's curling lessons. 4 Collected all of the accounts receivable at January 31 in cash. 6 Paid $970 of the accounts payable at January 31. 14 Paid his part-time assistant $400. 15 Paid the YH Curling CHAPTER 2 The Recording Process 23 Provided $1,475 of coaching services to curlers preparing for a tournament. The curlen will pay him on March 2 . 26 Paid $185 cash for the telephone bill for February. 27 Received $2,830 cash for curling lessons in March. 27 Withdrew $575 cash. Used the cash to pay his Visa bill. 28 Paid his part-time assistant $400. 28 Paid the YH Curling Club $1,050 rent for use of the ice for lessons during the first two Instructions a. Prepare journal entries to record each of YH Curling School's February transactions: b. Using T accounts, open the required ledger accounts for the transactions that were journalized, and enter the January 31,2021 , balances. c. Post the journal entries to the accounts in the ledger. d. Prepare a trial balance as at February 28, 2021. e. Prepare an income statement for YH Curling School for the month. f. Prepare a statement of owner's equity for the month. g. Prepare a balance sheet as at February 28, 2021. Taking It Further Are the February payments to YH Curling Club for ice rental an asset, a reduction of a liability, or an expense? Explain