340 The trail balance sheet of Moe's Mowing, Inc is dated August 31, 2020: Assets Liabilities Cash 5100 Account Payable 4250 Account Receivable Notes payable 2125 Supplies 5100 salary payable 1700 Inventory 2125 Unearned Revenue 3400 Total current assts 12665 Total Liabilities Cars 6375 building 1275 Shareholder's Equity furniture 2125 Common Stocks 5695 Retained Earning 5270 Total fixed asset 9775 Total owner's equity Total Assets 22,440 Total Liabilities and Equity 11475 10965 22,440 5. 8. During the month of March, the business incurred the following transactions: 1. Deposited $45,000 cash in the business's bank account. The company received the cash and issued common stocks. 2. The company purchased a car for $3,825 on account from Melton Supply 3. The company bought equipment, paying cash, 2,750 4. The company purchased office supplies for $2900 cash. The company provided services to the Walker Company for $2,850 on account. 6. The company paid $2,250 to Melton Office Supply 7. The company borrowed a short-term debt (notes payable) from the bank, $18,000 The company received $2,100 in cash for services provided to a new customer. 9. Shortly after opening the business, the company paid the month's rent of $850. 10. 1.5% of the inventory has been expired (bad goods expense). 11. The company paid $200 cash to repair car. 12. The company paid $450 cash in salary. 13. Bought computer software from Moss Computer center, $740, paying $240 in cash and placing the balance on account 14. The company received $1,100 cash from Walker Company 15. The owner purchased a car for his personal usage by $14,000 cash. 16. Declared and paid dividends of $600. 17. Collecting 70% of accounts receivable. 18. The company paid 35% of its accounts payable. 19. The bookkeeper recorded a collection from accounts receivable of $100 as 1000 Required: Record theses business transactions in Journal entry and create the financial statements (Income statement (2.5% Income tax). Journal entry of Moe's Mowing Account No Debit Credit The trail balance sheet of Moe's Mowing, Inc is dated September 31, 2020: Assets Liabilities Total Assets Total Liabilities and Shareholder's Equity Income Statement Revenue Less: Expenses Retained Earnings Statement Hi All, Record theses business transactions in Journal entry, and create the financial statements