Laras Landscaping Service has the following chart of accounts: Assets 111 Cash 113 Accounts Receivable 115 Supplies 117 Prepaid Insurance 124 Equipment Liabilities 221 Accounts Payable Owners Equity 311 J. Lara, Capital 312 J. Lara, Drawing Revenue 411 Landscaping Income Expenses 511 Salary Expense 512 Rent Expense 513 Gas and Oil Expense 514 Utilities Expense The following transactions were completed by Laras Landscaping Service: Mar. 1 Lara deposited $ 35,000 in a bank account in the name of the business. 4 Lara invested his personal landscaping equipment, with a fair market value of $ 1,325, in the business. 6 Bought a used trailer on account from Tow Sales, $ 915, Inv. No. 314. 7 Paid the rent for the current month, $ 950, Ck. No. 1000. 9 Bought a used backhoe from Diggers Equipment, $ 5,300, paying $ 3,000 in cash and placing the balance on account, Inv. 4166, Ck. No. 1001. Mar. 10 Bought liability insurance for one year, $ 1,800, Ck. No. 1002. 13 Sold landscaping services on account to Fredkeys, $ 3,895, Inv. No. 100. 14 Bought supplies on account from Office Requip, $ 380, Inv. No. 5172. 15 Sold landscaping services on account to C. Endel, $ 2,832, Inv. No. 101. 17 Received and paid the bill from Commercial Services for gas and oil for the equipment, $ 180, Ck. No. 1003. 19 Sold landscaping services for cash to Riston Company, $ 1,864, Inv. No. 102. 22 Paid on account to Tow Sales, $ 500, Inv. No. 314, Ck. No. 1004. 24 Received on account from Fredkeys, $ 800, Inv. No. 100. 28 Sold landscaping services on account to Stevens, Inc., $ 1,830, Inv. No. 103. 29 Received and paid the telephone bill, $ 260, Ck. No. 1005. 30 Paid the salary of the employee, $ 1,850, Ck. No. 1006. 31 Lara withdrew cash for his personal use, $ 1,500, Ck. No. 1007. Required 1. Journalize the transactions in the general journal, beginning on page 1. Write a brief explanation for each entry. 2. Write the name of the owner on the Capital and Drawing accounts. 3. Post the journal entries to the general ledger accounts. 4. Prepare a trial balance dated March 31, 20.

Trial Balance total $49841