Completing the Accounting Cycle: Softbyte. Prepare the each of the following for Softbyte transactions for the accounting period from March 1 to March 31. a) Analyze Business Transactions b) Journalize the transactions. c) Post to ledger accounts d) Prepare a trial balance e) Journalize and post adjusting entries f) Prepare an adjusted trial balance g) Prepare financial statements. Under the following circumstances. Transactions occur only once (unless otherwise indicated). Softbyte uses the straight-line amoritzation. - On March 1 Owner invests $15,000 in computer business and names it "Softbyte" - Softbyte purchases computer equipment for $7,000 in cash on March 2 - Softbyte purchases supplies that will last several months for $1,600 on account on March 3 - Softbyte receives from customers $1,200 cash for programming services it provided on March 4 - Softbyte purchases Advertising $500 on Credit on March 5 - Softbyte provides $3,500 of programming services and receives payment of $1,500 on March 7 - Expenses paid in cash: rent of $600, salaries of $900 and utilities of $200 on March 8 - Softbyte pays its outstanding advertising bill of $250 in cash, on March 9 - Softbyte receives $600 in cash from customers billed in transaction 6 , on March 9 - Softbyte signs a contract to rent equipment, on March 10 - Softbyte purchases $1000 of inventory on account from ComputerCentre on March 11, term 2/10 n30. - Softbyte pays the inventory bill with ComputerCentre on March 12. - Softbyte sells inventory for $500 on March 13. - Owner withdrawal of cash off $1,300 Adjusting Entries - On March 10, Softbyte billed clients $600 for services not yet provided. - On March 31, Softbyte owed salaries of $2100