3. Please access the Chapter 3 Self-Study: Journal Entries and T-Accounts\" (loc

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3. Please access the Chapter 3 Self-Study: Journal Entries and T-Accounts" (located on eLearning in the Chapter 3 folder). First, complete journal entries for the transactions that occurred during the month of February at The Health and Fitness Center. The solutions to these journal entries are also provided on el earning, but you are responsible for understanding how and why these entries were recorded. This is an excellent review from your Intro. class! Required: Use T-accounts to determine the ending balance in each account (before adjusting entries) at the end of February. Next, assume that The Health and Fitness Center wants to create financial statements at the end of February so all necessary adjusting entries are made on February 28 (Note: you do not have the necessary information to complete all of the adjusting entries, just some of them). Answer the following questions related to The Health and Fitness Center A. What is the ending balance (before adjusting entries) in the Cash account on February 28? B. Additional information was compiled by the Controller of the company in order to complete month-end adjusting related to Supplies: ermined that office supplies still n-hand at the end of the month totaled $90. Provide the adjusting entry made on February 28 C. What is the ending balance in the Prepaid Advertising t-account after necessary adjusting entries have been made? D. What is Total Revenue for The Health and Fitness Company during the month of February after necessary adjusting entries have been made? Please add together both Sales Revenue and Service Revenue to get your

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Working A. Ending Balance in Cash Account $29,925 From Ledger B. Adjusting Entry: Debit Credit Office Supplies Expense $235 325-90 Office Supplies $235 C.Prepaid Advertising Balance $1,650 From Ledger D.Total Ravenue Sales Revenue 13720 From Ledger Service Revenue 1710 From Ledger Total 15430

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