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The trial balance of Bancro Management Consul ng on March 1 , 2 0 2 2 , lists the company's assets, liabili es , and

The trial balance of Bancro Management Consulng on March 1,2022, lists the company's assets, liabilies, and owner's equity on that date. BANCROFT MANAGEMENT CONSULTING TRIAL BALANCE MARCH 1,2022 ACCOUNT NUMBER ACCOUNT TITLE DEBIT CREDIT 1100 Cash 26,0001200 Accounts receivable 4,5002100 Accounts payable 2,0003100 John Cassier, capital 28,500 Total 30,50030,500 During March the business engaged in the following transacons: Mar. 351112141719202428 Required Borrowed $45,000 from the bank and signed a note payable in the name of the business. Paid cash of $40,000 to a real estate company to acquire land in the town of Bancro. Performed service for a customer and received cash of $5,000. Purchased supplies on account, $300. Performed customer service and earned revenue on account, $2,600. Paid $1,200 of the Accounts Payable balance from the March I, 2017, trial balance. Paid the following cash expenses: salaries, $3,000; rent, $1,500; and interest, $400. Received $3,100 of the Accounts Receivable balance from the March 1,2017, trial balance. Received a $200 ulity bill that will be paid next week. John Cassiar withdrew $1,800 for personal use. 1.Open the following accounts, with the balances indicated, in the ledger of Bancro Management Consulng. Use the three-column ledger format. Assets: Cash, #1100, $26,000; Accounts Receivable, #1200, $4,500; Supplies, #1400, no balance; Land, #1900, no balance Liabilies: Accounts Payable, #2100, $2,000; Notes Payable, #2300, no balance Owner's Equity: John Cassiar, Capital, #3000, $28,500; John Cassiar, Withdrawals, #3100, no balance Revenues: Service Revenue, #4000, no balance Expenses: Interest Expense, #5100; Rent Expense, #5200; Salaries Expense. #5300; Ulies Expense, #5400(none have balances)2. Journalize the preceding transacons.3. Post the transacons to the ledger. 4. Prepare the unadjusted trial balance of Bancro Management Consulng at March 31,2022.

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