Need help with question 2 and 3.

February Date Transaction Notes 2 Purchased inventory on account $ 50,000 5 Sale on account $ 25,000 Sold to Eric's Bike Shop, COGS is $ 15,000 8 Purchased radio time in March S 15,000 12 Received accounts receivable (customer) payment $ 20,000 14 Paid supplier (accounts payable) $ 40,000 15 Paid monthly administrative salaries 10,000 Ignore payroll taxes 15 Paid monthly sales salaries 5,000 Ignore payroll taxes 15 Paid January sales commissions 9,300 Ignore payroll taxes 20 Sale on account 40,000 Sold to Dick's Sporting Goods, COGS is $ 22,000 25 Paid February utilities 1,500 27 Purchased inventory on account S 35,000 Complete the following: 1. Prepare journal entries for each February event. 2. Post the journal entries to "T" accounts (see note below). 3. Prepare the February YTD (Year-To-Date) trial balance 4. Prepare the February YTD income statement Note: You will continue to use the same "T" accounts established in January. The February entries will simply be added to the existing balances from January (giving you February YTD balances). CF English (United States) 20 Focus MacBook Air