Exercise 3 MSN is a company which provides services. During the first month of operations, the following events and transactions occurred: On March 2, Mounir and Farid decided to open MSN Company. They invested 40,000 SAR cash in MSN Company in exchange for ordinary shares. On March 4, MSN purchased a supply of materials on account costing 5,000 SAR. On March 5, MSN performed services for 20,000 SAR. The payment by the customer will be made on March 24. On March 10, MSN paid a 6,000 SAR cash dividend to shareholders. On March 14, MSN paid in cash employee salaries of 4,800 SAR. On March 24, MSN received 20,000 SAR in cash for the services performed on March 5. Instructions 1. Journalize the March transactions 2. Post the March transactions to the ledger 3. Prepare a trial balance at the end of March