Task: You are to perform the accounting cycle by: Create a ledger, Performing Transaction Analysis, Preparing journal entries, Create Financial Statements: Income Statement, Statement of Owners Equity & Balance Sheet. I Don't Forget 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 Previous Month Balances Cash $11,000 Equipment $8,000 Supplies Accounts $1,100 Receivable Owners Capital $20,730 $3,000 Accounts Unearned Accumulative Internet Payable Prepaid-Advertis Payable $2,000 $500 Revenue Amortization-Eq $120 ing uipment $600 $350