Common Stock		$ 88,200
Retained Earnings		$ 33,277
Cash	$ 7,505
Accounts Receivable	$ 4,670
Supplies	$ 750
Prepaid Rent	5000
Building	87000
Equipment	109000
Accumulated Depreciation		42600
Accounts Payable		6220
Utilities Payable		0
Wages and Salaries Payable		1900
Income Tax Payable		10155
Interest Payable		203.4
Notes Payable		30420
Bonus Payable		950
Total	$ 213,925	$ 213,925

• Record March transactions in the General Journal and post to the General Ledger.
• Record adjusting entries for March in the General Journal and post to the General Ledger.
• Prepare the adjusted trial balance as of March 31
• Prepare the following March financial statements:
  • a) Income Statement for month ended March 31
  • b) Statement of Stockholders Equity for month ended March 31
  • c) Balance Sheet as of March 31
  • d) Statement of Cash Flows for month endedMarch 31
• Record March closing transactions in the General Journal and post to the General Ledger.
• Prepare a post-closing trial balance as of March 31

  1-Mar	Performed car repair services and received cash at the time of sale, $3,950.
  4-Mar	Paid wages and salaries for $2,100, part of which was accrued in February.
  10-Mar	Issued stock to new investors, $10,000.
  15-Mar	Made the interest payment on all notes, all is accrued in interest payable.
  15-Mar	Paid annual income taxes that was accrued in income taxes payable.
  20-Mar	Made a monthly payment on the equipment note, $80.
  22-Mar	Paid cash for advertising, $150.
  27-Mar	Performed car repair services on account, $4,020.
  30-Mar	Paid dividends to owners, $360.
  March Adjusting Entries
  31-Mar	The estimated depreciation on building and equipment is $700.
  31-Mar	One month of rent has expired, $1,000.
  31-Mar	The annual interest rate is 4% on all notes and paid quarterly. Round to nearest dollar.
  31-Mar	Accrued wages and salaries worked in March that will be paid 4-4, $1,890.
  31-Mar	The estimated income taxes for the month is $720.