2-3A Journal Entries, T-Accounts, Trial Balance - Existing Company ABC Carpet Cleaners had been operating for several years. On March 1, the company had the following account balances: Cash $5,000; Accounts Receivable $300; Equipment (net) $3,000; Accounts Payable $500; Bank Loan $2,000; Common Shares $100; and Retained Earnings $5,700. The following transactions occurred during the month of March. March 1 March 2 March 4 March 9 Purchased (and used) cleaning supplies for cash: $600. Paid off the $500 that was owed from February. Completed a major cleaning job. Billed $3,000 but did not collect. Purchased a new Super Sucker brand vacuum for $6,000 on account. Payment is due in 30 days. March 11 Collected amount owed to us from February. March 15 Completed a cleaning job. Billed $1,000, collected half. March 16 Paid employees' salaries of $2,500. March 19 Paid $500 to repair a broken vacuum. March 22 Received and paid a heating bill: $100. March 24 Received a telephone bill: $50, did not pay. March 28 Collected money from the March 4 cleaning job. March 29 March 31 March 31 Completed major cleaning job. Billed $7,000, payment is due on April 29. Paid employees' salaries of $2,500. Paid interest of $75 on the bank loan. Shareholders took a dividend totaling $700. March 31 Required: a.) b.) c.) Record all necessary journal entries based on the transactions above. Post the transactions to T-Accounts Prepare a trial balance, P&L, and BS dated March 31. (A you E on template)