Notwist Copy Company incurred the following transactions during the month of March 2022: March 1 M. Acher invests $70,000 cash to start the business. March 3 Purchased three pieces of equipment for $160,000, paying $50,000 cash and signing a 5-year, 10\% note for the remainder. March 5 Purchased $5,000 supplies on credit. March10 Cash revenue amounted to $7,000. March 15 Paid $500 cash for radio advertising. March 20 Paid $800 on account for supplies purchased on March 5. March 22 Owner withdrew $2,100 from the business for personal expenses. March 29 Paid $1,200 cash for rent for the current month. March 30 Received $2,000 cash advance from a customer for future copying. March 31 Billed a customer for $575 for photocopy work done. Other data: a) The office equipment has an estimated useful life of 80 months with zero salvage value. b) The physical count revealed $2000 supplies on hand at the end of the month. c) Provided $1000 service during the month in respect of advance receipts from the customer. d) Interest accrued on the notes payable. Requirements: 1) Prepare appropriate adjusting entries on March 31. 2) Prepare an adjusted trial balance on March 31. 3) Enter the adjusted trial balance on the worksheet and complete the worksheet. 4) Prepare an income statement, owner's equity statement for March and a balance sheet on March 31. 5) Prepare the closing entries. 6) Prepare a post -closing trial balance.|