Practice Exercise: Prepare the entries on general journal Enter the transactions into the T-Accounts Produce the Trial Balance. Prepare the Income Statement. Prepare the Statement of Owner's Equity 1 March 1st You open a consulting business named "Consulting Queen" 46.000,00 2 March 3rd You buy office equipment for cash 3.500,00 3 March 4th You buy office furniture on account 1000,00 4 March 10th You buy computer equipment for 8.000,00 on account 8.000,00 5 March 11th You pay students to distribute flyers in Colleges and Universities for advertising 230,00 6 March 18th You pay your utilities 600,00 7 March 21st You consult a client who pays 2600,00 on account and the rest in cash 5300,00 in total 8 March 22nd You make a partial payment on the office furniture 300,00 9 March 25th You consult a client for cash 1.350,00 10 March 28th You withdraw money for personal use 2500,00