In March, Sami H started his new business in entertainment industry Astor. The business is focused on sales of the music instruments. The following transactions occurred during the March.

1- March 1. Jousef invested $2000 cash in exchange for 500common shares.

2- March 2. Rented workspace and paid $1200 for the month of August.

3- March 2. The company borrowed $ 10000 in the form of a long bank loan. The loan was planned purchase much of the equipment that would be needed.

4- March 5. Purchased equipment for $8000. Paid $2000 cash with rest payable at the end of August.

5- March 10. Received and completed the first delivery of sales and received $ 800 cash.

6- March 12. Purchased supplies in account $400.

7- March 13. Completed second delivery to the third-partybusinesses and received $1200 on account.

8- March 14. Took a dividend of $1000 to pay for personal expenses.

9- March 19. Received and pay the utilities bill, $400.

10- March 20. Paid for the March 5 purchase.

11- March 21. Received a phone bill $400. Not paid yet.

12- March 24. Completed third delivery and received $500 payment.

13- March 31. Paid salary of & 2000.

a) Record all necessary journal entries based on the transaction above.

b) Post the transaction to GL - T account.

c) Prepare trial balance dated March 31.

d) Prepare the income statement.

e) Prepare the balance sheet the statement of financial position.