The following events occurred in March: - March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years. - March 1: Owner paid $250 to the county for a business license. - March 2: Owner signed lease on office space; paying first (March 20XX) and last month's rent of $950 per month. - March 5: Owner contributed office furniture valued at \$2,750 and cash in the amount of $15,000 to the business. - March 6: Owner performed service for client in the amount of $650. Customer paid in cash. - March 8: Owner purchased advertising services on account in the amount of $500. - March 10: Owner provided services to client on account, in the amount of $1,725. - March 15: Owner paid business insurance in the amount of $750. - March 20: The owner received first utility bill in the amount of $135, due in April. - March 20: Office copier required maintenance; owner paid \$95.00 for copier servicing. - March 22: Owner withdrew $500 cash for personaluse. - March 25: Owner paid \$215 for office supplies. - March 25: Owner provided service to client in the amount of \$350. Client paid at time of service. - March 30: Owner paid balance due for advertising expense purchase on March 8. - March 30: Received payment from customer for March 10 invoice in the amount of $1,725. - March 31: Last day of pay period; owner owes part-time worker $275 for the March 16 through March 31 pay period. This will be paid on April 5. - March 31: Provided service for client on account in the amount of $3,500. - March 31: Record depreciation of the office furniture at \$45.83. \begin{tabular}{l} Liabilities and Owners' Equity \\ \hline Current Liabilities: \\ \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline Total Current Liabilities & \\ \hline Long Term Liabilities: \\ \begin{tabular}{|l|l|} \hline Total Long Term Liabilities: & \\ \hline \multicolumn{2}{|c|}{ Total Liabilities: } \\ \hline \end{tabular} \\ Owner's Equity \\ \begin{tabular}{|l|l|} \hline & \\ \hline \end{tabular} \\ \hline Total Equity & \\ \hline \end{tabular} \end{tabular} Total Assets: The following events occurred in March: - March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years. - March 1: Owner paid $250 to the county for a business license. - March 2: Owner signed lease on office space; paying first (March 20XX) and last month's rent of $950 per month. - March 5: Owner contributed office furniture valued at \$2,750 and cash in the amount of $15,000 to the business. - March 6: Owner performed service for client in the amount of $650. Customer paid in cash. - March 8: Owner purchased advertising services on account in the amount of $500. - March 10: Owner provided services to client on account, in the amount of $1,725. - March 15: Owner paid business insurance in the amount of $750. - March 20: The owner received first utility bill in the amount of $135, due in April. - March 20: Office copier required maintenance; owner paid \$95.00 for copier servicing. - March 22: Owner withdrew $500 cash for personaluse. - March 25: Owner paid \$215 for office supplies. - March 25: Owner provided service to client in the amount of \$350. Client paid at time of service. - March 30: Owner paid balance due for advertising expense purchase on March 8. - March 30: Received payment from customer for March 10 invoice in the amount of $1,725. - March 31: Last day of pay period; owner owes part-time worker $275 for the March 16 through March 31 pay period. This will be paid on April 5. - March 31: Provided service for client on account in the amount of $3,500. - March 31: Record depreciation of the office furniture at \$45.83. \begin{tabular}{l} Liabilities and Owners' Equity \\ \hline Current Liabilities: \\ \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline Total Current Liabilities & \\ \hline Long Term Liabilities: \\ \begin{tabular}{|l|l|} \hline Total Long Term Liabilities: & \\ \hline \multicolumn{2}{|c|}{ Total Liabilities: } \\ \hline \end{tabular} \\ Owner's Equity \\ \begin{tabular}{|l|l|} \hline & \\ \hline \end{tabular} \\ \hline Total Equity & \\ \hline \end{tabular} \end{tabular} Total Assets