Chapter 2 Alternate Demonstration Problem Record the following transactions of Speedy Computer Service, owned by Bill Smith, for the month of March 2019. Mar 1. Bill Smith invested $3,000 cash in exchange for common stock to start the business. 15. Bill provided services and received cash amounting to $5,400 from customers. 16. Purchased supplies on account, $100. 17. Paid for gas and oil, $800. 18. Paid salaries, $5,000. 21. Provided service on credit, $600. 28. Bill provided services and received cash amounting to $6,000. 29. Paid for truck and equipment rental, $2,500. 30. Speedy Computer Service paid cash dividends of $2,000 to the Owner. Required: Record the above transactions in general journal form. 1. 2. Prepare a trial balance after posting the entries to T-accounts (you can make your own T-accounts). 3. Prepare an income statement from trial balance. 4. Prepare a statement of retained earnings from the trial balance and income statement. 5. Prepare a balance sheet using the trial balance totals and the statement of retained earnings. 6. Explain why the company's cash balance does not agree with net income