In the month of March the following transactions were made:

3/1Shareholders invested $11,000 cash in the business by purchasing common stock.

3/5Purchased supplies on account, $6,250.

3/12Paid operating expenses, $5,500.

3/15Billed clients for fees rendered, $7,440.

3/20Received cash from cash clients, $4,700.

3/21Paid creditors on account, $1,500.

3/26Received $3,100 from clients on account.

3/28Paidinsurance expense,$240

3/31Paid $5,500 cash dividends.

Using the following accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Common Stock; Dividends;Professional Fees; Insurance expense, and Operating Expenses, record journal entries using the following format:

dateIaccount nameIdebitIcredit