Problem 2-3A The trial balance of Thomson Engineering at February 28, 2017, is shown below: lizing transactions and ting to ledger accounts THOMSON ENGINEERING Trial Balance February 28, 2017 Account Number Account Debit Credit 1100 $ 4,000 Accounts receivable 16,000 1300 Supplies 1600 2000 Accounts payable 3000 3,600 3200 8000 Automobile 37,200 R. Thomson, Capital R. Thomson, Withdrawals Service revenue Rent expense Salary expense Total 40016400 4400 50000 16,400 6100 6200 2,000 7,200 $74,400 $74,400 During March, Thomson Engineering completed the following transactions: Mar4 Collected $600 cash from a client on account. 8 Designed a system for a client on account, $580. 13 Paid cash for items purchased on account, $320. 18 Purchased supplies on account, $120. 20 R. Thomson withdrew $200 cash for 21 Received a verbal promise of a $2,000 contract. 22 Received cash of $620 for consulting work just completed. 31 Paid employees' salaries, $1,300 cash. Required 1. Record the March transactions in Page 3 of the journal. Include an explanation for each 2. Open three-column ledger accounts for the accounts listed in the trial balance, together with their balances at February 28. Enter Bal. (for previous balance) in the Item column. and place a check mark ) in the journal reference column for the February 28 balance entry in each account. 3. Post the transactions to the ledger, using dates, account numbers, journal references, and oshng references