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ROGERS 3:50 PM Done Individual Exercise_5ea4e32... Individual Exercise: 46% During March, the business completed the following transactions: 1- Issued common shares for $ 8000 cash

image text in transcribed ROGERS 3:50 PM Done Individual Exercise_5ea4e32... Individual Exercise: 46% During March, the business completed the following transactions: 1- Issued common shares for $ 8000 cash 2. Borrowed $42,000 from the bank, with Calderon signing a note payable in the name of the business. 3. Paid cash of $39,000 to a real estate company to acquire land. 4. Performed service for a customer and received cash of $20,000. 5. Purchased supplies on credit, $500. 6. Performed customer service and earned revenue on account, $3500. 7. Paid the following cash expenses: salaries, $2300; rent, $1,800; and interest, $600. 8. Received $1,500 on account. 9. Received a $700 utility bill that will be paid next month. 10. Declared and paid dividend of $1700. Prepare for March: Accounting equation, T-account, Journal, ledger, trial balance,Net income, retained earnings, Balance sheet

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