eBook Transaction Analysis and Financial Statements Expert Consulting Services Inc. was organized on March 1 by two former college roommates. The corporation March 2: Received contributions of $20,000 from each of the two principal owners of the March 7: Signed a two-year promissory note at the bank and received cash of $15,000. March 12: Purchased $700 in miscellaneous supplies on account. The company has 30 days to March 19: Billed a client $4,000 for services rendered by Expert in helping to install a new 2 new business in exchange for shares of stock. Interest, along with the $15,000, will be repaid at the end of the two years. pay for the supplies computer system. The client is to pay 25% of the bill upon its receipt and the remaining balance within 30 days. Paid $1,300 bill from the local newspaper for advertising for the month of March. Received 25% ofthe amount billed to the dent on March 19. Received cash of $2,800 for services provided in assisting a client in selecting software for its computer. Purchased a computer system for $8,000 in cash. Paid $3,300 of salaries and wages for March. Received and paid $1,400 in gas, electric, and water bills. March 20: March 22: March 26. March 29: March 30: March 31: Required: 1. Complete the table below to summarize the preceding transactions as they affect the accounting equation Use the format in Exhibit 3-1