Facebook, Inc. has the following transactions for March 2024:

• Issued common stock for $900,000 cash.
• Purchased server equipment for $250,000 cash.
• Paid $75,000 for March rent.
• Sold advertising services for $900,000, with a cost of $500,000.
• Paid $65,000 for utilities.

Required:

1. Record these transactions in the general ledger.
2. Prepare the trial balance as of March 31, 2024.
3. Discuss the importance of maintaining accurate ledger entries in financial accounting.