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Need help with the Statement of stockholder equity. The following events occurred in March: - March 1: Owner borrowed $125,000 to fund/start the business. The

Need help with the Statement of stockholder equity. image text in transcribed
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The following events occurred in March: - 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 recelved first utility bill in the amount of $135, due in April. - March 20: Office copler required maintenance; owner paid $95.00 for copier servicing. - March 22: Dividend paid $500 cash. - 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: Recelved payment from customer for March 10 involce 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 pald on Aprill 5. - March 31: Provided service for client on account in the amount of $3,500. - March 32: Record depreciation of the office furniture at \$45.83. A B C D E Company Name Statement of Retained Earnings Period Ending 03/31/20XX Beginning Capital on 3/01/20XX Increases to capital Net income/loss: Owner's Capital Subtotal: Decreases to capital Dividends Paid Ending Equity as of 03/31/20XX Check Figure 20,474.17

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