Darby consulting was established on 1 March and during March Darby entered into the following transactions:

1 Issued $10000 shares in exchange for cash

3 Purchased $300 of supplies on account

7 Prepaid $1500 rent for April, May and June

8 Paid $175 towards 3 March purchase of supplies

11 Billed customers $5780 for services rendered

12 Paid $700 for March advertising

25 Received $4500 from customers billed on March 11

28 Paid $200 in dividends to shareholders

29 Paid $1200 in March salaries

29 Paid $760 for water usage

a) prepare a journal entry for the transactions

b) Post the journal to the appropriate ledger (t-accounts)

c) Prepare a trial balance at 31 March

d) Prepare an income statement and statement of retained earnings for the month of March.