P4-5B (LO 1, 2) AP Laura Eddy opened Eddy's Carpet Cleaners on March 1, 2021. In March, the following transactions were completed: Complete all steps in accounting cycle. Mar. 1 5 12 20 21 Laura invested $10,000 cash in the business. Purchased a used truck for $6,500, paying $1,500 cash and signing a note payable for the balance. 3 Purchased supplies for $1,200 on account. Paid $1,200 on a one-year insurance policy, effective March 1. Billed customers $4,800 for cleaning services. 18 Paid Sgoo of amount owed on supplies. Paid $1,800 for employee salaries, Collected $1,400 from customers billed on March 12. 25 Billed customers $2,500 for cleaning services. 31 Paid $375 for repairs on the truck. Withdrew $900 cash for personal use. Instructions a. Journalize and post the March transactions. b. Prepare a trial balance at March 31. c. Journalize and post the following adjustments: 1. The truck has an estimated useful life of five years. 2. One twelfth of the insurance expired. 3. An inventory count shows S400 of supplies on hand at March 31. 4. Accrued but unpaid employee salaries were $500. 5. The note payable has a 4-5% annual interest rate. 6. Unbilled cleaning services at March 31 were $500. d. Prepare an adjusted trial balance. e. Prepare the income statement and statement of owner's equity for March, and a classified balance sheet at March 31, 2021. Of the note payable, $2,000 must be paid by March 1, 2023 Were updated our soud Aa 100