Gillian Shaw opened Shaws Carpet Cleaners on March 1. During March, the following transactions were completed. Mar. 1 Invested $10,000 cash in the business. 1 Purchased used truck for $6,000, paying $3,000 cash and the balance on account. 3 Purchased cleaning supplies for $1,200 on account. 5 Paid $1,200 cash on a 1-year insurance policy effective March 1. 14 Billed customers $4,800 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $500 on amount owed on cleaning supplies. 20 Paid $1,800 cash for employee salaries. 21 Collected $1,400 cash from customers billed on March 14. 28 Billed customers $2,500 for cleaning services. 31 Paid $200 for the monthly gasoline bill for the truck. 31 Withdrew $700 cash for personal use. The chart of accounts for Shaws Carpet Cleaners contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated DepreciationEquipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 301 Owners Capital, No. 306 Owners Drawings, No. 350 Income Summary, No. 400 Service Revenue, No. 631 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense. Instructions (a) Journalize and post the March transactions. Use page J1 for the journal (b) Post the March transactions. Use the three-column form of account. (c) Prepare a trial balance at March 31. (d) Journalize and post adjusting entries. Use page J2 for the journal. Prepare adjusted trial balance based on the below data: (1) Unbilled revenue for services performed at March 31 was $500. (2) Depreciation on equipment for the month was $300. (e) Prepare the income statement and owners equity statement for March and a classified balance sheet at March 31. (f) Journalize and post-closing entries and complete the closing process. Use page J3 for the journal. (g) Prepare a post-closing trial balance at March 31.