Question 1: Bahari Consulting Service Ltd, engaged in the following transactions during March 2006, its first month of operations: 1 Mar. Amin Bahari deposits $60,000 cash as capital into the company. 2 Mar. Purchased $200 of noffice supplies on account. 4 Mar. Paid $40,000 cash for a building to use as a future office. 6 Mar. Performed service for customers and received cash, $2,000. 9 Mar. Paid $100 on accounts payable. 17 Mar. Performed service for customers on account, $1,200. 23 Mar. Received $1,200 cash from customers on account. 31 Mar. Paid the following expenses: salary, $1,000; rent, $500. Required: a) Journalise the preceding transactions in the journal of Bahari Consulting Service, Ltd. Key transactions by date and include in a narration line as illustrated in the notes. b) After journalizing the transactions, post the entries to the ledger, using T-account. format. Key in transactions by date. Date the ending balance of each account 31 Mar 2006 c) Prepare the trial balance of Bahari Consulting Service, Ltd, at 31 March 2006. d) Prepare the Profit and Loss Account of Bahari Consulting for the month of March 2006 e) Prepare the Balance Sheet of Bahari Consulting as at 31 March 2006. Use the following format to key in the entries and values.