10) Repairs Co. began business on March 1. During their first month of operations, Repairs had the following transactions. March 1 Received $28,000 of cash and issued common stock to shareholders. March 5 Paid advertising expense of $1,000 in cash. March 9 Purchased land for cash of $11,500 and a $33,000 loan. March 10 Purchased $1,700 of supplies on account. March 19 Paid $800 on account. (ie, paid off accounts payable of $800) March 22 Borrowed $18,500 from the local bank and signed loan documents March 29 Service revenue earned during the month was $14,500 in cash and $4,500 on account. March 30 Paid March rent of $2,000, March employee salaries of $2,100 and March utilities of $1,100. March 31 Declared and paid cash dividends of $2,000 a) Show all journal entries Repairs would have to make during the month of March b) Show Repair's T-accounts for cash, accounts payable, and loans payable. Next