The trial balance of Dunn Service Center, Inc., on March 1, 2018, lists the entity's assets, liabilities, and stockholders' equity on that date. (Click the icon to view the assets, liabilities, and stockholders' equity.) During March, the business completed the following transactions: (Click the icon to view the transactions.) i Requirements Requirement 1. Journal Trial Balance a. Borrowed $45,000 fro 1. Balance 2. Date Account Title Debit Credit Cash 26,000 Accounts receivable 4,500 Accounts payable $ 2,000 Journalize the preceding transactions. Key the journal entries by transaction letter. The following accounts, with the balances indicated have been created. Enter the beginning balances and post the transactions from the journal to the ledger. Compute the balance in each account after all the transactions have been posted. AssetsCash, $26,000; Accounts Receivable, $4,500; Supplies, no balance; Land, no balance Liabilities Accounts Payable, $2,000; Note Payable, no balance Stockholders' Equity-Common Stock, $10,000; Retained Earnings, $18,500; Dividends, no balance Revenues-Service Revenue, no balance Expenses(none have balances) Salary Expense, Rent Expense, Interest Expense, Utilities Expense Prepare the trial balance of Dunn Service Center, Inc., at March 31, 2018. To determine the net income or net loss of the company during the month of March, prepare single-step income statement for the month ended March 31, 2018. List the expenses in order from the largest to the smallest. Common stock 10,000 18,500 Retained earnings b. Paid cash of $40,000 30,500 $ 30,500 Total Date 3. 4. Print Done b. Print Done The trial balance of Dunn Service Center, Inc., on March 1, 2018, lists the entity's assets, liabilities, and stockholders' equity on that date. (Click the icon to view the assets, liabilities, and stockholders' equity.) During March, the business completed the following transactions: (Click the icon to view the transactions.) i Requirements Requirement 1. Journal Trial Balance a. Borrowed $45,000 fro 1. Balance 2. Date Account Title Debit Credit Cash 26,000 Accounts receivable 4,500 Accounts payable $ 2,000 Journalize the preceding transactions. Key the journal entries by transaction letter. The following accounts, with the balances indicated have been created. Enter the beginning balances and post the transactions from the journal to the ledger. Compute the balance in each account after all the transactions have been posted. AssetsCash, $26,000; Accounts Receivable, $4,500; Supplies, no balance; Land, no balance Liabilities Accounts Payable, $2,000; Note Payable, no balance Stockholders' Equity-Common Stock, $10,000; Retained Earnings, $18,500; Dividends, no balance Revenues-Service Revenue, no balance Expenses(none have balances) Salary Expense, Rent Expense, Interest Expense, Utilities Expense Prepare the trial balance of Dunn Service Center, Inc., at March 31, 2018. To determine the net income or net loss of the company during the month of March, prepare single-step income statement for the month ended March 31, 2018. List the expenses in order from the largest to the smallest. Common stock 10,000 18,500 Retained earnings b. Paid cash of $40,000 30,500 $ 30,500 Total Date 3. 4. Print Done b. Print Done