1. Accounting (Activities over the month of March): i) Capital stock issued: $20,000 ii) Office equipment bought (and paid for in cash): $1,500 $1,200 $3,000 $8,000 $8,700 $3,100 $1,200 ii) Production consumables purchased in cash: iv) Raw material purchased (or, credit) and consumed: v) Production machinery purchased on a Long Term Note: vi) Sale of finished goods (in cash) vii) Sale of finished goods (on credit) vii) Utilities (paid in cash): ix) Wages and salaries paid in cash to employees: x) Part payment to supplier (toward transaction iv) $2,500 $1,000 You are required to: (a) Summarize and post the above transactions. (b) P (c) Prepare a ba ce sheet as on March 31. repare an income statement for the transactions during month of March