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Required: Prepare the journal entry for each of the above transactions. Post the transaction...

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Accounting

Required:
Prepare the journal entry for each of the above transactions.
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.
Prepare an unadjusted trial balance at 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 18 percent earned by a close competitor.
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