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1) Mar1, Business owner invested $50,000 in cash and office equipment that had a fair value of $12,000 into the business. 2) Mar1 Business prepaid

1) Mar1, Business owner invested $50,000 in cash and office equipment that had a fair value of $12,000 into the business.

2) Mar1 Business prepaid $3,600 cash for three months rent for an office.

3) Mar3 Business made credit purchase of office equipment for $6,000 and office supplies for $1,200

4) Mar5 Business completed work for a client and immediately received $1,000 cash

5) Mar9 Business completed a $4,000 project for a client, who will pay within 30 days.

6) Mar11 Business paid the account payable created on Mar3.

7) Mar15 Business paid $3,000 cash for the annual premium on an insurance policy

8) Mar20 Business received $3,200 as partial payment for the work completed on Mar9

9) Mar22 Business placed an order with a supplier for $4,800 of supplies to be delivered on Apr7. They must be paid for within 15 days of being received

10) Mar23 Business completed work for another client for $1,320 on credit.

11) Mar27 Business owner withdrew $3,600 cash form the business account to pay some personal expenses.

12) Mar30 Business purchased $400 of additional office supplies on credit

13) May31 Business paid $350 for the months electricity bill

Please make four step process(1. entries, 2. T-account 3. Trial Balance 4. Financial Statement) and generate the financial statements.

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