Task: perform the accounting cycle by: Create a ledger Don't forget record Previous Month Balance Adjusting Entries: End of Period March 31st Record using $400 of supplies this month Record using 1 month of insurance this month Record a $100 phone bill that occurred this month, but you will pay next month Amortize your vehicle for 1 month Cash $11,000 Equipment $8,000 Previous Month Balances Supplies Accounts Owners Capital $1,100 Receivable $20,730 $3,000 Accumulative Internet Payable Prepaid-Advertis Amortization-Eq $120 ing uipment $600 $350 Accounts Payable $2,000 Unearned Revenue $500 The following transactions occurred for Pet Health during the month of March. A. On March 1 you buy insurance for the year for $2,000. B. The same day, you buy $500 of stationary C. On the second, you perform a service for $1,000. D. March 4, you pay your worker $500. E. You pay $75 for utilities on the fifth F. March 6th, you buy an X-Ray machine for $3,800 on account from Pet Supplies due in 8 equal monthly payments. G. You buy a new van for your business on March 7 for $6,000, where you put $2,000 down and the rest on account due in 5 years from Cars-R-Us. You plan on using it for 4 years and selling it for $2,000 after. H. You pay rent for $1,000 on March 8th. 1. March 8th, you do a service for $3,000 for Mr. Green in which he still owes $1,000. J. March 9th Mrs. Pink pays you $2,000 for a service to be done next week. K. March 10th you donated $4,000 to. Your business. L. March 14th you receive the money Mr. Green owes you. M. March 15th Ms. Yellow gets a service for $1,000 paying half now and half later. N. March 18th, you do $1,200 worth of the service for Mrs. Pink. O. March 20th, you take $40 of stationary home for personal use. P. March 21st, you take $100 from the business to buy yourself something. Q. March 25th, you do a service for $2,500 R. March 29th, you make a payment on your equipment from Pet Supplies. a } 2