Using the information below, put the transactions in pro forma and complete the required journal entries, posting, and check your work with a trial balance. Use this Word document OR the Excel template provided in Blackboard. $(10$ transactions @ $5$ pts each, $20$ general ledger postings @ $1\mathrm{.}5$ pts each, and Trial Balance $20$ pts total$)$

$1-$Mar The owner of KJO Withholdings invested $$75,000$ cash into the company.

$2-$Mar The company purchased $$2,725$ worth of supplies on account.

$5-$Mar The company purchased equipment worth $$5,700$ on the account.

$12-$Mar Paid $24$ months of insurance in advance for $$4,500$ cash.

$15-$Mar Received $$8,525$ cash for services rendered to WBR Inc.

$17-$Mar The company billed D&T Automotive $$5,520$ for services rendered.

$20-$Mar Received a down payment of $$3,570$ cash for work to be performed next month from WBR Inc.

$25-$Mar The owner withdrew $$2,000$ for personal use.

$29-$Mar Paid $$430$ for the company$$s electric bill.

$31-$Mar Received half the amount owed for the work done on March $17.$

General Journal

Date Account PR Dr Cr

Week $2$

General Ledger

Cash Act. # $101\mathrm{.}00$

Date Item PR Debit Credit Balance

Accounts Receivable Act. # $105\mathrm{.}00$

Date Item PR Debit Credit Balance

Supplies Act. # $108\mathrm{.}00$

Date Item PR Debit Credit Balance

Prepaid Insurance Act. # $111\mathrm{.}00$

Date Item PR Debit Credit Balance

Equipment Act. # $150\mathrm{.}00$

Date Item PR Debit Credit Balance

Accounts Payable Act. # $210\mathrm{.}00$

Date Item PR Debit Credit Balance

Unearned Service Revenue Act. # $220\mathrm{.}00$

Date Item PR Debit Credit Balance

Owner Capital Act. # $301\mathrm{.}00$

Date Item PR Debit Credit Balance

Owner Withdrawals Act. # $301\mathrm{.}10$

Date Item PR Debit Credit Balance

Service Revenue Act. # $410\mathrm{.}00$

Date Item PR Debit Credit Balance

Electric Expense Act. # $520\mathrm{.}00$

Date Item PR Debit Credit Balance

KJO Withholdings

Unadjusted Trial Balance

Period End March $31$

Account Act. # Debit Credit

ACCT$110-$ Journalization, Posting $,$ & Trail Balance Assignment$$ Grading Rubric

Criteria Exceeds Expectations Meets Expectations Needs Improvement Points

Journalization

$50$ points $45-50$ points

$$ Submitted without errors or minor errors.

$$ Entries are done in good form.

$$ Properly formatted $35-44$ points

$$ Submitted with minor errors, each of the submissions:

$$ Journal Entries

$1-5$ entries incorrectly formatted$/$not balanced $0-34$ points

$$ Did not submit or missing a significant amount of data; numerous errors.

$$ Six or more JEs are not in proper form$/$unbalanced$.$

Ledgers

$30$ points $27-30$ points

$$ Complete with no errors.

$$ Followed Generally Accepted Accounting Principles with no errors. $21-26$ points

$$ Complete with some errors.

$$ Followed Generally Accepted Accounting Principles with minor errors. $0-20$ points

$$ Not complete with numerous errors.

$$ Didn$$t follow Generally Accepted Accounting Principles with multiple errors.

Unadjusted Trial Balance

$20$ points $18-20$ points

$$ Submitted without errors:

In proper form$/$balanced $14-17$ points

$$ Submitted with minor errors

$$ Minor statement mistakes, incorrectly formatted$/$not balanced

$0-13$ points

$$ Did not submit or missing a significant amount of data; numerous errors.

$$ Not in proper form$/$unbalanced