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Greetings will you be able to do the following? Solar Company was established on March 1 of 2021. The Company completed the following business transactions

Greetings will you be able to do the following?

Solar Company was established on March 1 of 2021. The Company completed the following business transactions during March 2021: March 1: Ordinary shshareownersnvested cash Br.35,000, accounts receivable Br. 10,000 and supplies Br.15,000 in the Company March 1: The Company received Br.50,000 from preferred shareholders March 1: The company paid Br. 24,000 for one year of building rental services. March 4: The Company purchased office equipment on account for Br. 25,000 from XYZ Company March 5: The Company received Br. 8,500 from customers in payment of their account March 6: The Company paid Br.1,500 for a newspaper advertising March 10: The Company paid Br. 5,000 to XYZ Company. March 16: The Company received Br.30,000 from sales. March 20: The Company purchased supplies for Br. 6,500 on credit March 20: The Company received Br. 60,000 from a one-year loan. March 31: The Company Paid Br. 7000 for utility bill for the month March 31: The Company received Br.20,000 from sales March 31: The Company paid salaries expense of Br.15,000 for the month March 31: The company sales on account for Br.40,000. March 31: The supplies used in operation is Br. 11,500. March 31: Depreciation Expense for the month is Br.1,000 March 31. A dividend of Br.5000 has been paid

Instructions: 1. Record the above transactions in the general journal format 2. Post the journals to the ledger in T- account format 3. Prepare a trial balance as of March 31, 2021 4. Prepare an income statement for the month ended March 31, 2021 5. Prepare a statement of retained earnings for the month ended March 31, 2021 6. Prepare a statement of cash flows for the month ended March 31, 2021 7. Prepare balance sheet on March 31, 2021

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