21 Recording transactions LO3, 4, 5 Darby Consulting was established on 1 March, and during March, Darby entered into the following transactions: 1 Issued $10000 shares in exchange for cash 3 Purchased $300 of supplies on account. 7 Prepaid $1500 total for April, May and June rent. 8 Paid $175 towards the 3 March purchase of supplies. 11 Billed customers $5780 for services rendered. 12 Paid $700 for March advertising. 25 Received $4500 from customers billed on 11 March. 28 Paid $200 in dividends to shareholders. 29 Paid $1200 for March salaries. 29 Paid $760 for March water usage ent park the first dinary Required a Prepare jounal entries for each transaction (omitting explanations) Post the journal to the appropriate ledger (T-accounts). Prepare a trial balance at 31 March. Prepare an income statement and a statement of retained earnings for the month of March. Prepare a balance sheet at the end of March. es. b c d