John Davis, an electrical contractor, began business on March 1, 2003, The following transactions accrued March 1 Davis invested 930,000 of his personal funds in the business. Purchased equipment on account, $3, 400. Paid premium for liability insurance $720 Purchased Supplies on account, $430. Purchased a truck for $8, 500, Davis paid $2, 500 cash and gave a note for the balance. Paid rent for March $750. Paid fuel bill for truck, $70. Billed customers for services rendered, $8, 200. Received $2, 500 deposit form a customer, for a job to be completed next month. Paid $1,000 on account for the equipment purchased on March 2. Paid telephone bill for March, $120. Received cash for services rendered, $1, 960. Paid employees wages, $1, 575. Collected $5, 300 from customers on account. Hired an employee at a salary of $250. Davis withdrew $800 for personal use. REQURIED: (A) Record the above transactions in the journal. (B) Post journal entries into the general ledger. (C) Prepare a trial balance for March 31, 2004. John Davis, an electrical contractor, began business on March 1, 2003, The following transactions accrued March 1 Davis invested 930,000 of his personal funds in the business. Purchased equipment on account, $3, 400. Paid premium for liability insurance $720 Purchased Supplies on account, $430. Purchased a truck for $8, 500, Davis paid $2, 500 cash and gave a note for the balance. Paid rent for March $750. Paid fuel bill for truck, $70. Billed customers for services rendered, $8, 200. Received $2, 500 deposit form a customer, for a job to be completed next month. Paid $1,000 on account for the equipment purchased on March 2. Paid telephone bill for March, $120. Received cash for services rendered, $1, 960. Paid employees wages, $1, 575. Collected $5, 300 from customers on account. Hired an employee at a salary of $250. Davis withdrew $800 for personal use. REQURIED: (A) Record the above transactions in the journal. (B) Post journal entries into the general ledger. (C) Prepare a trial balance for March 31, 2004