- March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years. - March 1: Owner paid $250 to the county for a business license. - March 2: Owner signed lease on office space; paying first (March 20XX) and last month's rent of $950 per month. - March 5: Owner contributed office furniture valued at $2,750 and cash in the amount of $15,000 to the business. - March 6: Owner performed service for client in the amount of $650. Customer paid in cash. - March 8: Owner purchased advertising services on account in the amount of $500. - March 10: Owner provided services to client on account, in the amount of $1,725. - March 15: Owner paid business insurance in the amount of $750. - March 20: The owner received first utility bill in the amount of $135, due in April. - March 20: Office copier required maintenance; owner paid $95.00 for copier servicing. - March 22: Owner withdrew $500 cash for personal use. - March 25: Owner paid $215 for office supplies. - March 25: Owner provided service to client in the amount of $350. Client paid at time of service. - March 30: Owner paid balance due for advertising expense purchase on March 8. - March 30: Received payment from customer for March 10 invoice in the amount of $1,725. - March 31: Last day of pay period; owner owes part-time worker $275 for the March 16 through March 31 pay period. This will be paid on April 5. - March 31: Provided service for client on account in the amount of $3,500. - March 31: Record depreciation of the office furniture at $45.83. \begin{tabular}{|l|l|l|} \multicolumn{1}{|c|}{ Trial Balance } \\ \multicolumn{1}{|c|}{ As of 03/31/20XX } \\ \hline \multicolumn{1}{|c|}{ Unadjusted trial balance } \\ \hline \multicolumn{1}{|c|}{ Account } & Debit & Credit \\ \hline Cash & & \\ \hline Accounts Receivable & & \\ \hline Prepaid Rent & & \\ \hline Office Furniture & & \\ \hline Office Supplies & & \\ \hline Accumulated Depreciation & & \\ \hline Notes Payable & & \\ \hline Accounts Payable & & \\ \hline Wages Payable & & \\ \hline Owner's Capital & & \\ \hline Owner Draws & & \\ \hline Service Revenue & & \\ \hline Rent Expense & & \\ \hline Business License Expense & & \\ \hline Depreciation Expense & & \\ \hline Insurance Expense & & \\ \hline Repairs and Maintenance Expense & & \\ \hline Advertising Expense & & \\ \hline Wages Expense & & \\ \hline Utilities Expense & & \\ \hline Total: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}