TRANSACTIONS FOR MARCH 2020 FOR BILLS WEAR, INC. March 01 Purchased computer for $4,000 with $1,000 down and a 3-month, 12% note for $3,000. The computer is expected to last for 3 years and have a residual value of $400. March 10 Paid the rest of last months advertising bill, $50. March 15 Collected accounts receivable of $150 from customers from February. March 20 Paid for February purchasespaying off the accounts payable balanceof $800. March 24 Purchased 250 shirts @$4 each for cash, $1,000. March 27 Sold 200 shirts for $10 each, all on account, for total sales of $2,000. Note: In the General Ledger, use the ending balances from February as your beginning balances for March. Hint: There are 3 adjusting entries: 1. For depreciation; 2. For interest; 3. For insurance. Required: 1. Record transactions in terms of the accounting equation and debits and credits. 2. Post the entries to the General Ledger 3. Create an Unadjusted Trial Balance 4. Record and post the adjusting entries 5. Created an Adjusted Trial Balance 6. Prepare the Income Statement, Statement of Retained Earnings, and the Balance Sheet