D Following are transactions for March for K. Ren Corporation: Mar 1 Received $25,000 cash from shareholders in exchange for shares of common stock. 2 Purchased supplies costing $3,100 on account from Solo Company. 3 Paid $4,100 cash for March rent for office space. 5 Purchased a 1-year insurance policy for $2,400 cash. 9 Purchased equipment costing $18,000; paid $4,000 cash, signed a promissory note for the remainder due. 12 Performed services and received $9,300 cash from customers. 14 Made a $2,800 cash payment on account to Solo Company (related to the March 2 transaction). 17 Borrowed $5,000 cash from the bank and signed a promissory note for the amount due. 21 Performed services and billed customers $8,400. 22 Declared and paid $1,500 cash dividends to shareholders. 25 Received $5,100 cash on account from previously billed customers. 29 Received a $4,300 cash advance from a customer for services to be performed for the customer beginning on April 1. 30 Paid cash for employee salaries for March totaling $6,900. 31 Received a utility bill for March for $800--the bill will be paid in April. Required: 1. Prepare the required general journal entries in the attached journal. 1. Exam 1 Workpaper-Question 1 Journal.pdf 2. Exam 1 Workpaper-Question 1 Journal.xlsx 2. Post your journal entries to the attached general ledger of accounts. 1. Exam 1 Workpaper-Quesiton 1 Ledger.pdf 2. Exam 1 Workpaper-Question 1 Ledger.xlsx 3. Be sure to save both files. You will upload your journal in Question 1. You will upload your general ledger in Question 2. 4. Using your saved accounts, prepare a trial balance in Question 3. Using your completed general ledger, prepare a trial balance for K. Ren on March 31. (Note, you will not necessarily be making an entry in each box.) Accounts Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Unearned Revenue Common Stock K. Ren Trial Balance March 31 Dr Cr MacBook Pro Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Unearned Revenue Common Stock Retained Earnings Dividends Declared Service Revenue Salaries Expense Utilities Expense Rent Expense Totals