Complete journal entries and a general ledger for the given information

March 1 Began business by making a deposit in a company bank account of $22500, in exchange for 2,250 shares of $10 par value common stock.

March 1 Paid the premium on a 1-year insurance policy, $2,160.

March 1 Paid the current month's rent expense, $1,800.

March 3 Purchased repair equipment from Fred Company, $5,800. Paid $2200 down and the balance was placed on account. The rest will be paid in equal payments over the next 12 months. The first payment is due 4/1. Note: Use Accounts Payable for the Balance Due.

March 8 Purchased repair supplies from Gary Company on credit, $650.

March 10 Paid telephone bill for March, $400.

March 11 Cash flight management system (FMS) repair revenue for the first third of March, $2000.

March 18 Made payment to Gary Company, $400.

March 20 Cash FMS repair revenue for the second third of March, $2,450.

March 31 Cash FMS repair revenue for the last third of March, $1,500.

March 31 Paid the current month's electric bill, $300.

March 31 Declared and paid cash dividend of $1,000.