2-2 Anthony Gross opened a home remodeling business. The following list of business occurrences took place: March 3 Anthony Gross invested $50,000 in the business. Purchased equipment, $5,000 on account. Purchased office supplies, $250 cash. March 4 March 5 March 6 Hired an assistant to be paid $750 weekly. March 7 March 10 D Paid rent for 6 months, $3,000. Agreed to remodel a client's kitchen, the total cost to customer is $10,000. The customer paid a $5,000 deposit. Work will begin next month Purchased repair supplies, $3,500 cash. Provided services to client and collected $350. Purchased insurance for a year, $1,000. Provided services on account, $1,000. March 11 March 12 March 13 March 14 Paid assistant, $750. March 20 March 21 Paid assistant, $750. March 26 March 27 March 28 March 28 Required: Provided services and collected $300. Received utility bill due next month, $150. Paid assistant, $750. Withdrew $350 for personal use. 1) Prepare journal entries for the transactions. 2) Post the transactions to the ledger accounts: Cash - 111, Accounts Receivable- 112, Office Supplies - 113, Repair Supplies - 114, Prepaid Rent - 115, Prepaid Insurance - 116, Equipment - 117, Accounts Payable - 211, Unearned Revenue- 212, A. Gross, Capital - 311, A. Gross, Withdrawal - 312, Service Revenue - 411, Utilities Expense - 511, Wages Expense - 512. 3) Prepare a trial balance. 4) Prepare an Income Statement, Statement of Owner's Equity and Balance Sheet