Show me the steps to solve: Continue Mini Case $1($the Accounting Cycle Part $1),$ the following information is available for

FastForward in February that may need adjustments$\mathrm{.}1$

$1.$ By the end of February, FastForward has provided another one month$$s consulting work

to XYZ co$.$ based on their contract on January $15.$

$2.$ A physical account indicates that only $$50$ supplies are still left unused as of February

$28.$

$3.$ Prepare the necessary adjusting journal entry to record the use of the rented office

space in February.

$4.$ Prepare the necessary adjusting journal entry to record the use $($i$.$e$.,$ depreciation$)$ of the

computers purchased on February $4.$ FastForward decided to adopt the straight$-$line

method to calculate the depreciation.

$5.$ On February $26,$ received the February utility bill of $$930$ from Second Energy Co$.$ and

will pay the bill in March.

$6.$ On February $27,$ earned $$4,700$ of commissions for referring customers to Stow Inc. The

amount has not yet been billed to Stow yet.

Requirements:

Step $5$: Prepare and post the adjusting journal entries.

Step $6$: Prepare the adjusted trial balance as of $2/28.$

Step $7$: Prepare the Income Statement $($ignore income tax$),$ Statement of Retained Earnings