Clipboard Font Alignment fx During its first month of operation, the Bethany's Bicycle Corpo During its first month of operation, the Bethany's Bicycle Corporation, which specializes in bicycle repairs, completed the following transactions. Date March 1 March 1 March 1 March 3 March Transactions Transaction Description Began business by making a deposit in a company bank account of $20,000, in exchange for 2,000 shares of $10 par value common stock. Paid the premium on a 1-year insurance policy, $2,400. Paid the current month's store rent expense, $1,900. Purchased repair equipment from Andrew Company, $5,800. Paid $1,000 down and the balance was placed on account. Payments will be $400.00 per month for 12 months. The first payment is due 4/1. Note: Use Accounts Payable for the Balance Due. Purchased repair supplies from Jackson Company on credit. $650. Paid telephone bill for March. $340. Cash bicycle repair revenue for the first third of March, $1.650. Made payment to Jackson Company. $400. Cash bicycle repair revenue for the second third of March, $2,450. Cash bicycle repair revenue for the last third of March, $1.250. Pald the current month's electice bill. $250. Declared and paid cash dividend of $1.000. March 8 March 10 March 11 March 18 March 20 March 31 March 31 March 31 REQUIREMENT #1: Prepare journal entries to record the March transactions in the General Journal below. Remember that Debits must equal Credits-All of your Journal Entries should balance. General Journal Account Number from Chart of Accounts tab count Title from Chart of Accounts to Debit Date 1 Project instructions March Transactions Chart of Accounts - Journal Entries 2-General Tune here to search O Ri e 9