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The following transactions were completed in the month of March, 20X3. Please use the appropriate accounts in the attached Chart of Accounts. Day 1 Khandan

The following transactions were completed in the month of March, 20X3.
Please use the appropriate accounts in the attached Chart of Accounts.
Day
1 Khandan deposited $20,000 in a bank account in the name of the business.
1 Paid the rent for the 3 months, $2,100
1 Khandan invested her personal Hauling equipment, with a fair market value of $1,600 in the business. The equipment has a life expectancy of 5 years.
1 Purchased a used Truck on account from Jean Sales, for $2,160. The life expectancy of the trailer is 3 years.
1 Purchased a used Crane from Earth Equipment for $8,500, paying $4,000 in cash and placing the balance on account; the Crane has life expectancy of 4 years
10 Purchased Liability insurance for one year, $1,800
13 Sold landscaping services on account to Leah Corp., $1,225
13 Purchased supplies for $200, 40% was cash
14 Purchased supplies on account from Parra George, $2,500
15 Sold Landscaping services on account to Gloria Inc, $4,845
17 Received and paid the bill from Tonya Inc. for gas and oil for the equipment, $84
19 Sold landscaping services for cash to Jonathan Company, $2,700
22 Paid on account - Jean Sales, a creditor, $600
24 Received on account from Leah Corp, a customer, $500
28 Sold landscaping services on account to Rayna Corp., $1,626
29 Received and paid the telephone bill, $184
29 Received the utilities bill, $200
30 Paid the salary of the employee, $3,200
31 Khandan withdrew cash for her personal use, $1,300
101 Cash
106 Accounts Receivable
124 Office Supplies
128 Prepaid Insurance
131 Prepaid Rent
153 Trucks
154 Accumulated Depreciation - Trucks
167 Hauling Equipment
168 Accumulated Depreciation - Hauling Equipment
173 Crane
174 Accumulated Depreciation - Crane
201 Accounts Payable
301 Khandan Miller - Capital
302 Khandan Miller - Owner Withdrawals
401 Landscape Services
611 Depreciation Expense - Trucks
612 Depreciation Expense - Hauling Equipment
614 Depreciation Expense - Crane
622 Salary Expense
637 Insurance Expense
640 Rent Expense
650 Office Supplies Expense
671 Gas & Oil Expense
688 Telephone Expense
690 Utility Expense

Instructions:

Prepare a worksheet including the following dated March 31, 20X3.
- Unadjusted Trial Balance
- Adjusting Journal Entries
- Adjusted Trial Balance
- Income Statement
- Balance Sheet
- Statement of Owner's Equity

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