March $1-$ Ms Browne sold some investments for $$25,000,$ and invested only $$20,000$ of the proceeds in the new business $$ GBC Capital

$2.$ Ms Browne, paid $$4,800$ for the first six months$$ lease on an office from which to

operate her business; $$720$ for $1$ year$$s business insurance

$3.$ Ms Browne paid $$250,$ the first monthly lease payment, to lease a car for the first year

of the business. $[$Use Auto Lease Expense$]$

$4.$ March $10-$ Ms Browne signed a contract with her first clients to plan their wedding, and accepted a down payment of $$5,500.$ The wedding is six months later.

$5.$ March $12-$ she accepted $$10,000$ in cash from a company to plan a private event dinner on the $25$th of March

$6.$ March $14-$ she hired a firm of caterers to assist her in food preparation. The agreement required a deposit of $$3,500$ by Ms Browne to School of Hospitality Caterers, for services to be performed at a later date.

$7.$ March $15$ Ms Browne purchased computer equipment at Staples for $$5,000$; office supplies for $$1,200$; office furniture for $$2,500.$ She paid cash for all of the purchases :

$8.$ March $18-$ Ms Browne and Jada Lee signed a contract for Ms Lee to be her assistant, she will be paid $$450\mathrm{.}00$ per week

$9.$ March $25-$ Paid Jada Lee her weekly wages. $-$$$450\mathrm{.}00$

$10.$ March $25$ Ms Browne completed the work for which she was hired at the private event.

She also paid School of Hospitality Caterers the remaining sum of money, $$1500,$ for their services.

Required: On the answer Sheet provided

$1.$ Prepare the journal entries, and you may use the T$-$accounts provided on the

spreadsheets $($if you choose$).$ Use the above dates

$2.$ Prepare a trial balance on the Trial Balance form provided

Q$\mathrm{.}4$ March $31-$ Using the information from Q$3$ regarding the Happy Ever After, Weddings and Social Events Co

Required: Prepare adjusting entries for the month$-$end:

$-$ One month of the office lease

$-$ One month of the insurance

$-$ Recognized $$300$ of office supplies used

$-$ Recognized that Ms Lee had worked for $6$ days to the end of the month, but would be paid on the first day of the next month.