SSS Enterprise uses the following accounts:

Cash SSS, Capital

Accounts Receivable Withdrawal

Prepaid Insurance Service Revenue

Supplies Wages Expense

Equipment Telephone Expense

Advertising Expense

Required:

Prepare the following for SSS Enterprise. Show them in your solutions paper. NO SOLUTIONS, NO CREDIT.

1. Journal
2. T-accounts
3. Unadjusted Trial Balance for the period ended March 31, 2021.
4. Income Statement for the period ended March 31, 2021.
5. Balance Sheet as of March 31, 2021.

The following are the transactions of SSS Enterprise during the first quarter of its operations. DATE TRANSACTIONS Jan. 1 SSS Enterprise invested $200,000 of cash into the business. Jan. 2 Purchased a $10,000 12-month insurance policy. Purchased equipment for $15,000, paying $5,000 cash, and signing a note for the Jan. 15 difference Wages of $9,000 were paid to Jan. 30 employees. Purchased supplies for $1,200 on Feb. 4 account. Feb. 20 Received $12,000 in cash for services performed. Feb. 25 SSS Enterprise withdrew $3,000 for personal use. Feb. 28 Paid the outstanding balance for the January 15 purchase. Paid for supplies purchased on February Mar-17 4. Mar-25 Performed services on account for $2,200. $20,000 was paid in wages to Mar-30 employees. Mar-31 Received and paid March telephone bill, $200. Mar-31 Received payment for services provided on March 25. Billed a customer $600 for repair Mar-31 services. Mar-31 Paid $150 for March advertising