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Transaction Analysis and Financial Setements Expert Consulting Services Inc. was organized on March 1 by two former college roommates. The corporation provides computer consulting services

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Transaction Analysis and Financial Setements Expert Consulting Services Inc. was organized on March 1 by two former college roommates. The corporation provides computer consulting services to small businesses. The following transactions occurred during the first month of operations March 2 Received contributions of $20.000 from each of the two principal owners of the new business in exchange for shares of stock March 71 Signed a two year promissory note at the bank and received cash of $15.000. Interest, along with the $15,000, will be repaid at the end of the two years, March 13 Purchased $700 in miscellaneous supplies on count. The company has 30 days to pwy for the supplies. March 19 miled a client $4.000 for service rendered by Expert in helping to install a new computer system. The client is to pay 25% of the ball upon its receipt and the remaining balance within 30 days. March 201 Paid 1.300 bill from the local newspaper for advertising for the month of March. March 22 Received 25 of the amount biled to the client on March 19. March 26 Received cash of $2.800 for services provided in sitting a client in selecting software for its computer March 201 Purchased a computer system for $3,000 in cash March 20 Paid 3.300 salaries and wages for March Marc Received and paid $1,400 in om, atrie and water bills. Required: 1. Complete the table below to ur the preceding transactions as they affect the accounting ustion. If an accountsaffected by a transaction enter "o". Use the mission to indicate decrease Use the formatin Ex- Expert Consulting Services Inc. Transactions for the Month of March Assets Liabilities Stockhol Date Cash Accounts Receivable Computer Supplies Accounts Payabile Notes Payable Capital Stock March March

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