The Angelas home cleaning ltd provides home cleaning services. The following is the 1 March 2020 Trial Balance (TB). The company has not made all the March entries but the required info is given below. You will be asked to update the accounts as at 31 March 2020.

angelas Cleaning COMPANY

Angelas

Unadjusted Trial Balance

1 March 2020

Cash...................................................................................... $ 5,700

Accounts receivable........................................................... 1,800

Cleaning supplies............................................................... 800

Accounts payable............................................................... 300

Dividend payable................................................................ 500

Dividends ............................................................................ 500 Capital Stock ............................................................................................... 6,000

Retained earnings............................................................... 1,400

Client revenue..................................................................... 5,800

Salaries expense................................................................ 3,100

Travel expense.................................................................... 1,500

Printing expense ................................................................ 600

$14,000 $14,000

the following transaction happened in march

1. Mar 10 Purchased a car for the business. Paid cash amounting to USD4,000
2. Mar 10 -Decided to give to its senior director gym membership for 12 months starting 1 Mar for USD600 for the year. This was paid on 10 March.
3. Mar. 15. Collected USD600 from client recorded on accounts receivable
4. Mar. 16 Issued shares for USD2,000
5. Mar. 16 Purchased cooking supplies for USD600 and paid for it via notes payable. The notes payable is due in 6 months time at interest rate of 4%.

ADJUSTING ENTRIES

6. Mar 31 Made an accrual for staff bonuses of USD1,000 payable in April.
7. Mar 31 Billed home owners on sales of USD2,000 and the amount if due in May 2020
8. Mar 31 Recorded and paid Mar salaries of USD700
9. Mar 31 Made an accrual for tax of USD400 and March telephone bill for USD120 .
10. Mar 31 wrote off bad debts of USD50 in accounts receivable.
11. Mar 31- Record interest for notes payable item 5

Instructions

1. For each of the above data prepare journal entries and show the T accounts. 15%
2. Prepare a new trial balance after including these additional adjusting entries. 10%
3. Prepare an income statement 10%
4. Prepare a balance sheet 10%

Please show any working where required.