Required for ABC company:

T account Trial Balance, Income Statement for March 2022 , Balance Sheet for March 2022 and Statement of Cash Flow for March 2022.

Date Account Title D C March 1 Cash Debit 700,000 Common Stock Credit 700,000 2 Furniture & Fixtures Debit 30,000 Cash Credit 5,000 Notes Payable Credit 25,000 3 Inventory Debit 300,000 Accounts Payable Credit 300,000 4 Accounts Receivable Debit 350,000 Sales Credit 350,000 COGS Debit 135,000 Inventory Credit 135,000 5 Rent Expense Debit 4,000 Cash Credit 4,000 6 Prepaid Insurance Debit 12,000 Cash Credit 12,000 7 Accounts Payable Debit 100,000 Cash Credit 100,000 8 Cash Debit 110,000 Accounts Receivable Credit 110,000 9 New delivery van Debit 36,469 Cash Credit 5,000 Notes Payable Credit 31,469 12 10 Desktop Computers Debit 12,730 Cash Credit 1,000 Notes Payable Credit 11,730 15 Cash [200,000 -(12% of 200,000)] Debit 176,000 Receivable from Chase (9% of 200,000) Debit 18,000 Loss on sale of Receivable (3% of 200,000) + 18,000 ) Debit 24,000 Accounts Receivable Credit 200,000 Recourse Liability Credit 18,000 17 Inventory on Consignment Debit 10,000 Inventory Credit 10,000 20 Dividends Payable Debit 10,000 Cash Credit 10,000 22 Cash Debit 20,000 Unearned Sales Credit 20,000 Cost of Goods Sold (COGS) Debit 12,000 Inventory Credit 12,000 28 Account Receivable Debit 14,000 Sales Credit 14,000 Cost of Goods Sold (COGS) Credit 10,000 Inventory on Consignment Credit 10,000 29 Unearned sales Debit 20,000 Merchandise Delivery Credit 20,000 31 Depreciation Expense-Furniture, Equipment & Van Debit 2,000 Accumulated Depreciation-Furniture, Equipment & Van Credit 2,000 To record the March depreciation 31 Insurance Expense (12000/12Month) Debit 1,000 Prepaid Insurance Credit 1,000 Prepaid Insurance adjustment for one month