Exercise $2-11$ Journalizing, posting, preparing a trial balance, and financial statements LO$3,5,6$After its first month of operations, Paquette Advisors showed the following account balances in its general ledger accounts $($T$-$accounts$)$ as at January $31,2023.$ Cash Accounts Receivable Office Equipment$15,0003,80022,500$ Accounts Payable Unearned Revenue Aaron Paquette, Capital $8,0002,6009,500$ Aaron Paquette, Withdrawals Consulting Revenues Salaries Expense$2,00041,70010,000$ Rent Expense Utilities Expense$7,5001,000$ During February, the following transactions occurred: Feb$\mathrm{.}1$Performed work for a client and received cash of $$8,500.5$Paid $$5,000$ regarding outstanding accounts payable. $10$Received cash of $$3,600$ for work to be done in March. $12$Called FasCo Rentals to book the use of some equipment next month. The $$400$ rental fee will be paid in full when the equipment is returned. $17$The owner withdrew cash of $$3,000$ for personal use. $28$Paid salaries of $$10,000.$Required:$1.$ Record the journal entries for the month of February. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)2.$ Post the transactions from your General Journal to the General Ledger $($T$-$accounts below$).$ Include the date next to each posting$\mathrm{.}3.$ Prepare a trial balance based on the balances in your T$-$accounts$\mathrm{.}4.$ Prepare an income statement for the two months ended February $28,2023\mathrm{.}5.$ Prepare a statement of changes in equity for the two months ended February $28,2023\mathrm{.}6.$ Prepare the balance sheet as at February $28,2023.$