please help me soving this .. i have only 1 hour .

2 2 Part 3: Closing Entries Active Sport Co. has the following balances for their accounts at the en of March. Trial Balance 31.03.2016 Accounts Receivable Debit Credit Cash $5.000 Accounts Receivable $2.500 Office Supplies S800 Equipment $1.500 Land $15.000 Capital Stock Sales Revenue Interest Expense Utilities Expense Rent Expense Salaries Expense Total $20.000 $8.500 S650 $450 S1.500 S1.100 $28.500 S28.500 Instructions Please post the closing entries for the month of March (30 points) Marche padine wek po Accounts that you can use: Commee Stock. Gush. Furniture Computer Service Res. Account Receivable. Salaries Espree Hent Expense Accounts Payable Utility Expeme ABM Company completed the following transaction during March 2017 March 2 Received 513,000 cash from Ruiz, and is common stock shin points MarchPad cash to purchase a computer, 54.200.40 points March Performed services for a client and received cash for the full amount of 1,000 plats March 12 Pasid utility experts $200 (4 points March 2x Collected $1.500 from the client on March 15. (4 points) March 29 Paid S1000 for the payment of furniture purchased on March 16. (dpi March 30 Performed services for a client and recented cash for the full amount of $2.500 (4 point March 31 Paid monthly efficerent, $700 (4 posts) March 31 Paid salaries or 2.500 for Machtperlat Instructies 1. Journaline the transactions for the meeth of March 2. Prepare Taccounts and trial balance to the most of March 3. Prepare Income Statement and Malace Sheet at the end of the month Part 2: Adjusting Entries Advance Corporation has the following transactions that require adjustments for March 2017 Data for adjusting entries 1 March 1 Received $2.400 in ance for work to be performed on March 22, the company 3 March 1Purchased one year ance policy for $1.200 (13) Prepare the necewy justing entries for the month of March for the transaction day and the end of the Parts Closing Entries Active Sport Co has the following balances for the accounts at the end March Trial Balance 31.01.2016 Accounts Receivable Debit Credit S500 Accounts Receivable Office Supplies SMOD Ege S15 15.00 Sales Reven Interes pense Utilities Salaries E Total S.NO SK 900 5650 40% $1.500 SI 528 500 528.500 Instruct