At the beginning of March, Majed Software had Cash of $12,000, Accounts Receivable of $18,000, Accounts Payable of $4,000, and Majed's Capital of $26,000. During the month of March, the following transactions occurred. 1. Majed Software purchased equipment for $23,000 and paid $3,000 cash and signed a note payable for the balance. 2. Received $12,000 from customers for contract billed in February. 3. Paid $3,000 office rent for March. 4. Paid $2,500 of the amount Majed Software owes to suppliers at the beginning of March. 5. Provided software services to a construction company for $7,000 cash. 6. Paid $1,000 for energy used in March. 7. Majed withdrew $5,000 cash from the business for personal use. 8. Paid $2,100 of the notes payable issued in transaction 1 above. $100 of the amount was for interest expense. 9. Hired an employee to start working in April. 10. Majed software incurred advertising expense of $1,500 for March on account. At the beginning of March, Majed Software had Cash of $12,000, Accounts Receivable of $18,000, Accounts Payable of $4,000, and Majed's Capital of $26,000. During the month of March, the following transactions occurred. 1. Majed Software purchased equipment for $23,000 and paid $3,000 cash and signed a note payable for the balance. 2. Received $12,000 from customers for contract billed in February. 3. Paid $3,000 office rent for March. 4. Paid $2,500 of the amount Majed Software owes to suppliers at the beginning of March. 5. Provided software services to a construction company for $7,000 cash. 6. Paid $1,000 for energy used in March. 7. Majed withdrew $5,000 cash from the business for personal use. 8. Paid $2,100 of the notes payable issued in transaction 1 above. $100 of the amount was for interest expense. 9. Hired an employee to start working in April. 10. Majed software incurred advertising expense of $1,500 for March on account