Cycle Company had the following trial balance at 3/1/2021:

Opening trial balance
Account name	Debit	Credit
Cash	100
Accounts receivable	450
Supplies	0
Equipment	600
Accumulated depreciation		70
Payables		0
Long-term debt		0
Contributed capital--common stock		400
Retained earnings		680
Dividends	0
Revenue		0
Selling Expense	0
Administrative Expense	0
Depreciation expense	0
Other expense	0
Total	1,150	1,150

4.3 Activity for the month of March

Date	Activity
3/1/2021	The company borrowed $1,000 on a two-year note, with principle and 8% interest due at maturity. This loan from FNB Destin requires preparation of monthly financial statements.
3/1/2021	The company sold common stock to shareholders and received $90 cash.
3/1/2021	The company purchased one week worth of office supplies for use in the administrative offices, $500 cash.
3/1/2021	The company completed one tax return for a client and billed the client, Jenna Smart, $600 on invoice #101. Smart will pay the invoice within 30 days
3/4/2021	The company completed one consulting service and received cash from the client, Joseph Gerard, $100 on invoice #102.
3/5/2021	The company paid current months administrative expenses in cash, $150.
3/6/2021	The company paid sales commissions, $40.
3/15/2021	The company completed one tax return for a client, Regan Elise, and billed her $700 on invoice #103. Elise agreed to pay the invoice next month.
3/16/2021	Collected $450 from Joseph Smith on invoice #100 (from previous month).
3/17/2021	The company completed consulting service for a client, Riggs Auto, and billed him $300 on invoice #104. Riggs promised to pay next month.
3/31/2021	Collected $400 from Jenna Smart on invoice #101.
3/31/2021	The company paid administrative salaries, $70.
3/31/2021	The company accrues $7 of interest payable on the outstanding note payable.
3/31/3021	The company recognized that the equipment has lost value due to depreciation. Using straight-line depreciation, the controller computed depreciation of $5 for the month.
3/31/2021	Paid $25 dividends to owners.

1. Use the general journal to record the March activity.
2. Create the general ledger .
3. Create the trial balance
4. Create the financial statements,