During its first month of operation, the Bethany's Bicycle Corporation, which specializes in bicycle repairs, completed the following transactions. Date March 1 March 1 March 1 March 3 March Transactions Transaction Description Began business by making a deposit in a company bank account of $20,000, in exchange for 2,000 shares of $10 par value common stock. Paid the premium on a 1-year insurance policy. $2,400. Paid the current month's store rent expense, $1.900. Purchased repair equipment from Andrew Company, $5,800. Paid $1,000 down and the balance was placed on account. Payments will be $400.00 per month for 12 months. The first payment is due 4/1. Note: Use Accounts Payable for the Balance Due. Purchased repair supplies from Jackson Company on credit, $650. Paid telephone bill for March, $340. Cash bicycle repair revenue for the first third of March, $1,650. Made payment to Jackson Company, $400. w ww. win in the end March 8 March 10 March 11 March 18 March 20 March 31 Cash bicycle repair revenue for the second third of March, $2,450. Cash bicycle repair revenue for the last third of March $1,250. Paid the current month's electice bill, $250. Declared and paid cash dividend of $1,000. March 31 March 31 Requirement #4: Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's insurance has expired. b) The remaining inventory of repair supplies is $200 c) The estimated depreciation on repair equipment is $120. d) The estimated income taxes are $65. Requirement #5: Post the adjusting entries on March 31 below to the General Ledger T-accounts (Step 2) and compute adjusted balances. Just add to the balances that are already listed. Requirement #4 Account Number from Chart of Accounts tab Date Account Title from Chart of Accounts tab Debit Credit REQUIREMENT #6: Prepare an Adjusted Trial Balance in the space below. ILL... I rlanaratinn