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Question 11 (40 points) Jimmy Adams, on March 1st 2020, started a new accounting practice called X-Factor Accounting with the aim to provide the book keeping services to small and medium business organization in Lower Mainland. During its first month of operations following transactions have occurred. March 1st - Adams invested $ 50,000 in cash and office equipment worth $ 12,000. March 1st - Paid $ 9,000 cash for three months rent for an office, in advance. March 2nd - Paid $1,000 to Max Ads, for online advertisement. March 3rd - Purchased office equipment woth $ 6,000 and Office Supplies worth $ 1,200 on credit. March 5th - Completed a job for a client and imemdiately received $6,200 in cash. March 7th - Purchased computers worth $ 5000 on credit. March 11th - Paid the amount that was due from March 3rd transaction March 15th - Paid $3,000 for the annual premium on an insurance policy March 21st - Paid $ 300 for repairs of computers. March 23rd - Completed work for another client for $ 15,850 on credit. March 25th - Received a telephone bill for S 500 and is not paid yet. March 27th - Adams withdrew $ 3,500 cash from business to pay personal expenses March 30th - Purchased $ 650 worth office supplies on credit. March 31st - Paid salries worth $5,000 March 31st - Received $4,500 as partial payment for the work completed on March 23rd. Prepare the following a. Record the journal entries in the books of X-Factor Accounting for the month of March 2020. (15 Marks) b. Post the amonts to respective T Accounts (15 Marks) C. Prepare Trial Balance for X-Factor Accounting as of March 31st 2020. (10 Marks)