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Accounts that you can use: Common Stock, Cash, Furniture, Computer, Service Revenue, Accounts Receivable, Salaries Expense, Rent Expense, Accounts Payable, Utility Expense, ABM Company completed

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Accounts that you can use: Common Stock, Cash, Furniture, Computer, Service Revenue, Accounts Receivable, Salaries Expense, Rent Expense, Accounts Payable, Utility Expense, ABM Company completed the following transactions during March, 2017: March 2 Received $11,000 cash from Ruiz, and issued common stock to him. (4 points) March 3 Paid cash to purchase a computer, $4,200.(4 points) March 9 Performed services for a client and received cash for the full amount of $1,000 (4 points) March 12 Paid utility expenses, S200. (4 points) March 16 Purchased office furniture for $1.800. Paid S800 cash. Rest will be paid in two weeks. (4 points) March 18 Performed services for a client on account, $1,500. (4 points) March 28 Collected $1,500 from the client on March 18. (4 points) March 29 Paid S1000 for the payment of furniture purchased on March 16. (4 points) March 30 Performed services for a client and received cash for the full amount of $2,500 (4 points) March 31 Paid monthly office rent, $700 (4 points) March 31 Paid salaries of $ 2.500 for March. (4 points) Instructions 1- Journalize the transactions for the month of March 2- Prepare T accounts and trial balance for the montf of March 3- Prepare Income Statement and Balance Sheet at the end of the month. Part 2 : Adjusting Entries Advance Corporation has the following transactions that require adjustments for March, 2017 Data for adjusting entries 1- March 1 Received $2,400 in advance for a work to be performed on March 20, the company performed the service on March 20. (13 points) 2. March 1 Purchased one-year insurance policy for $1.200. (13 points) Instructions Prepare the necessary adjusting entries for the month of March for the transaction day and the end of the month

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