1: Prepare journal entries to record the March transactions in the General Journal below. Remember that Debits must equal CreditsAll of your Journal Entries should balance.

2: Post the March journal entries to the following T-Accounts and compute ending balances.

Cash (111), Bicycle Repair Revenue (411), Prepaid Insurance (117), Store Rent Expense (511), Repair Supplies (119), Telephone Expense (512), Repair Equipment (144), Insurance Expense (513), Insurance Expense (145), Repair Supplies Expense (514), Accounts Payable (212), Depr. Exp.-Repair Equipment (515), Income Taxes Payable (213), Income Taxes Expense (516), Common Stock (311), Electric Expense (517), Retained Earnings (312), Dividends (313)

3: Prepare a trial balance for March in the space below.

B D Account Type Chart of Accounts Account Account Title Number Normal Balance Assets 111 117 119 144 Cash Prepaid Insurance Repair Supplies Repair Equipment Accum Dep-Repair Equipment Debit Debit Debit Debit Credit 145 Liabilities 212 Accounts Payable Income Tax Payable Credit Credit 213 Stockholders Equity 311 312 313 Common Stock Retained Earnings Dividends Credit Credit Debit Revenue 411 Bicycle Repair Revenue Credit Expenses 511 512 513 514 515 516 517 Store Rent Expense Telephone Expense Insurance Expense Repair Supplies Expense Dep Expense - Repair Equipment Income Tax Expense Electric Expense Debit Debit Debit Debit Debit Debit Debit