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1. The following information relates to ABC Company: A. Joe Tribianni started the ABC Company on 1 March 2020, with $85,000. B. On March

1. The following information relates to ABC Company: A. Joe Tribianni started the ABC Company on 1 March 2020, with $85,000.0. On March 28, ABC Company received electricity bill of $1,000 and paid the amount in cash. P. On March 30, Joe Tribianni re 

1. The following information relates to ABC Company: A. Joe Tribianni started the ABC Company on 1 March 2020, with $85,000. B. On March 3, Joe Tribianni purchased few equipments that will be used for the business. The total cost of the equipments were $16,000. The owner paid half of the amount in cash immediately and signed a 5- month, 8% notes payables for the remaining amount. C. On March 3, Joe Tribianni also purchased one apartment floor of a commercial building for $10,000, that will be used as the corporate office for ABC Company. D. On March 5, the company paid $700, for advertising the opening of ABC Company. E. On March 10, Joe Tribianni received $26,000 from clients for services performed. F. On March 11, the company sent bills to it's customers, worth $1,500. G. On March 12, ABC Company purchased supplies worth $2,300, on account. H. On March 15, ABC Company sold goods to it's customers worth $5,000, on account. I. On March 19, Joe Tribianni withdrew $2,000 from the business for personal use. J. On March 20, ABC Company owner paid salary and wages of $20,000, to it's employees, for the month of March. K. On March 21, Joe Tribianni paid $1,000 out of the balance that was due from March 12. The remainder will be paid later. L. On March 22, the company sold goods and received $4,000. M. On March 25, Joe Tribianni received payment from previously billed customers, from March 11. N. On March 28, ABC Company paid rent of $2,400, for the current month. O. On March 28, ABC Company received electricity bill of $1,000 and paid the amount in cash. P. On March 30, Joe Tribianni received $2,200 from a client for services that will be performed and completed in May 30. Required: i. Prepare a tabular analysis for ABC Company's transactions for the month of March, with the aid of the Accounting Equation. (8 marks) ii. Journalise the above mentioned transactions. (16 marks).

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