ACR4.2 Lars Linken opened Lars Cleaners on March 1, 2020. During March, the following transac- tions were completed. Mar. 1 Shareholders invested 15.000 cash in the business in exchange for ordinary shares. 1 Borrowed 6,000 cash by signing a 6-month, 6%, 6,000 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for 8.000 cash. 2 Paid 1,500 cash to cover rent from March 1 through May 31. 3 Paid 2,400 cash on a 6-month insurance policy effective March 1. 6 Purchased cleaning supplies for 2,000 on account. 14 Billed customers 3,700 for cleaning services performed. 18 Paid 500 on amount owed on cleaning supplies. 20 Paid 1,750 cash for employee salaries. 21 Collected 1,600 cash from customers billed on March 14. 28 Billed customers 4,200 for cleaning services performed. 31 Paid 350 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a 900 cash dividend. The chart of accounts for Lars Cleaners contains the following accounts: Cash, Accounts Receivable, counts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Share Capital-Ordinary. Supplies Expense, Depreciation Expense, Insurance Expense Salaries Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, pense, and Interest Expense. -4 Wage- Expense. Rent Ex- Comprehensive Accc Instructions a. Journalize the March transactions. b. Post to the ledger accounts. (Use T-accounts.) c. Prepare a trial balance at March 31. d. Journalize the following adjustments. 1. Services performed but unbilled and uncollected at March 31 were 200. 2. Depreciation on equipment for the month was 250. 3. One-sixth of the insurance expired. 4. An inventory count shows 280 of cleaning supplies on hand at March 31. 5. Accrued but unpaid employee salaries were 1,080. 6. One month of the prepaid rent has expired. 7. One month of interest expense related to the note payable has accrued and will be paid April 1. (Hint: Use the formula from Illustration 3.17 to compute interest.) e. Post adjusting entries to the T-accounts. f. Prepare an adjusted trial balance. g. Prepare the income statement and a retained earnings statement for March and a classified statement of financial position at March 31. h. Journalize and post closing entries and complete the closing process. i. Prepare a post-closing trial balance at March 31. f. g. Assignment 03 Questions PART-B Please complete question ACR4.2 located on pages 4-52 & 4-53 [IGNORE sub-part(g), preparation of the financial statements are NOT REQUIRED], from Weygandt, et.al., Financial Accounting, with International Financial Reporting Standards, 4th edition ACCTG-102 Customised Version (Wiley, 2019). ISBN is 978-1-11992-472-2