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 personal use. . 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. AccountS DEDIL Credit Close revenues b Date 7 31-Mar 8 9 10 11 31-Mar 12 13 14 15 16 17 18 19 20 21 22 31-Mar 23 24 25 26 31-Mar 27 22 28 29 30 Close Expenses Close Income Summary Close Dividends Entrice 10 11 12 Total Current Assets 13 14 15 16 17 10 D Long Term Liabilities: Total Long Term Liabilities: Total Liabilities: Owner's Equity G 14 M 19 Non-Current Assets: 20 21 22 Total Non Current/Fixed Assets 23 24 Total Assets: 25 Total Equity Total Liabilities & Equity Total Assets on the left should equal Liabilities Owner's Equity on th 26 27