Don Co Trial Balance March 31, 2003 Account Name Debit Credit Cash Accounts Receivable Supplies Equipment Prepaid Insurance Prepaid Rent Accounts Payable J. Doe, Capital J. Doe, Withdrawals Consulting Revenue Salaries Expense Supplies Expense Utilities Expense Total\fAccounts Payable J. Doe, Capital J. Doe, Withdrawals Consulting Revenue Salaries Expense Supplies Expense Utilities ExpenseRequired 1. Prepare General Journal Entries for the transactions. 2. Prepare T-accounts for each account used in the journal entries in part 1, show the balance of each T-account. 3. Prepare a trial balance.Jane Doe opens a financial consulting company called Doe Co. on March 1, 2003. The company completed the following transactions in March: March Jane Doe invested $50,000 cash and $75,000 worth of equipment. Prepaid $3,000 cash for 3 months of office rent. 5 Made a credit purchase of $2,500 worth of office supplies. Completed services for a client and immediately collected $1,000 cash. 10 Completed services for a client on credit, the services totaled $2,000. 12 Paid $5,000 cash for the premium on a 12-month insurance policy. 15 Received $1,000 cash as a partial payment for the services provided on March 10. 15 Paid $1,000 for an assistant's salary. 17 Completed work for another client for $1,000 cash. 20 Paid $750 cash for office utilities. 21 Paid $2,500 for the supplies purchased on credit on March 1. 25 Received $1,000 cash from a client for the services rendered on March 10. 30 Paid $1,000 for an assistant's salary. 30 Jane Doe Withdrew $2,500 cash for personal use. The following is a partial chart of accounts for Doe Co: Account # Account Name 101 Cash 106 Accounts Receivable 111 Supplies 116 Equipment 121 Prepaid Insurance 126 Prepaid Rent 201 Accounts Payable 301 J. Doe, Capital 302 J. Doe, Withdrawals 401 Consulting Revenue 601 Salaries Expense 606 Supplies Expense 611 Utilities Expense