Problem 4.5B (pages 4-58 to 4-59) Remember to include your answer to Taking It Further in your submission. 1 14.56 (L01, 2)AP Laura Eddy opened Eddy's Carpet Cleaners on March 1.2021. In March, the follow- ing transactions were completed: Mar. 1 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. Purchased supplies for $1,200 on account. Paid S1,200 on a one-year insurance policy. effective March 1. Billed customers $4,800 for cleaning services. Paid S500 of amount owed on supplies. Paid $1.800 for employee salaries. 1 2 3 5 12 18 20 3 Problems: Set B 4-59 21 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. 31 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 $400 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, 2022 f. Journalize and post the closing entries. g. Prepare a post-closing trial balance at March 31. Taking It Further Do companies need to make adjusting and closing entries at the end of every month