4.26. Preparing a worksheet, journal entries, ledgers and trial balance (PLEASE NOTE THE ADDITIONAL REQUIREMENTS) a. Enter the following transactions for the month of March 2017 in a worksheet and calculate the profit or loss for the period. Explain how the worksheet assists in the calculation of profit or loss. b. Post the effects of the transactions in the journal entries c. Recognise the effects of the transactions in ledger accounts d. Prepare the trial balance at the end of March 2017 after all the effects of the transactions have been recorded. 2017 3 4 Purchased office stationery $1600 7 Received cash fees $2400 8 Took out a loan from Smith Bank $18000 8 Paid rent for March $1800 0 Purchased office suite of furniture on credit $8000 12 Invoiced a customer for services $2200 17 Paid wages to executive assistant $980. March Injected capital to commence business $200000. 27 Invoiced a customer for services $2200