Q3. Vic Kostro opened a photography and portrait studio on March 1 and completed the following transactions during the month. Mar. 1 Opened the business checking account, $17,000. 2 Paid two months' rent in advance for a studio, $900. 3 Transferred to the business personal photography equipment valued at $4,300. 4 Ordered additional photography equipment, $2,500. 5 Purchased office equipment for cash, $1,800. 8 Received and paid for the photography equipment ordered on March 4, $2,500. 10 Purchased photography supplies on credit, $700. 15 Received cash for portraits, $380. 16 Billed customers for portraits, $750. 21 Paid for half the supplies purchased on March 10, $350. 24 Paid the utility bill for March, $120. 25 Paid the telephone bill for March, $70. 29 Received payment from the customers billed on March 16, $250. 30 Paid wages to an assistant, $400. 31 Withdrew cash for personal expenses, $1,200. Required: 1) Prepare journal entries to record the above transactions, 2) Prepare a trial balance for Kostro Portrait Studio as of March 31, 20XX