Comprehensive Accounting Cycle Problem In January, Sammy Bearkat organized a corporation to provide tutoring services to students The company, called Stellar Student Tutoring began operations immediately. The business general ledger balances are shown below: Accounts I Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Stellar Student Tutoring Post-Closing Trial Balance January 31, 2020 Debit $32,000 11,000 5,600 68,000 4,200 85,000 27.400 $116,600 $116,600 During February 2020, the following transactions occur: Feb 1" The corporation issued an additional 10,000 shares of capital stock to Harris Corporation in exchange for $15,000 cash Feb 1 Purchased a building from Sweeney Enterprise for $150,000. A cash payment of $25,000 was made at the time of the purchase, and a note payable was issued for the remaining balance. Feb 1 Paid $7,800 for fire insurance on building for next 3 years. Feb 9th Purchased additional supplies on account for $3,500 Feb 11 Billed students $35,840 for tutoring services provided during the first half of February Feb 16 Paid $12,300 in salaries earned by employees during the first half of February Feb 18th Received $10,500 cash in advance from students for tutoring services to be provided in the future Collected cash from accounts receivable of $40,000 Feb 22 Feb 25 Paid $3,330 for utilities during period. Feb 25th Paid $6,250 cash on accounts payable. Feb 28 Declared and paid a $2,000 dividend. Sammy Bearkat uses the following accounts to record transactions for Stellar Student Tutoring Stellar Student Tutoring Account Listing Cash Accts Receivable Supplies Prepaid Insurance Land Building Accumulated Depreciation Accounts Payable Unearned Revenue Wage Payable Interest Payable Note Payable Common Stock Retained Earnings Dividends Tutoring Service Revenue Wage Expense Utility Expense Insurance Expense Supply Expense Depreciation Expense Interest Expense Part 1 Required: A. Prepare journal entries in the general journal for each transaction. General Journal Date Account Titles Debit Credit