This company was incorporated on March 1st 2015 with a starting
of $1,500,000 of capital these are the March transactions. March 3 $300,000 were paid as advanced rent for six months March 4 Office supplies were purchased on account totaling $35,000. Services were provided to customers, and the company received March 6 $54,000 in cash The accounts payable for office supplies purchased on March 4 was March 7 paid $200,000 in cash was used to purchase equipment costing $560,000 March 7 the remaining was in account. March 9 Office supplies were purchased on account totaling $13,500 Services were provided to customers, and the company received March 12 $43,500 in cash Half of the accounts payable for office supplies purchased on March March 13 9 was paid Employees were paid wages for March 3-March 14 totaling March 14 $356,000 Services were provided to customers totaling $256,720. Customers March 14 paid $143,650 with a promise to pay $113,070 remaining balance in the future March 20 Office supplies were purchased on account totaling $5,400. Customers paid $100,000 toward the $113,070 remaining balance March 21 for services rendered March 14 The accounts payable for office supplies purchased on March 20 March 23 was paid March 25 Customers paid $10,070 for services rendered March 14 March 27 Customers paid $23,000 in advance for services to be received Employees were paid wages for the final weeks of March, totaling March 28 $453,600 March 28 Electricity bill was received totaling $6,750. March 28 Phone bill was received totaling $8,754. March 31 Miscellaneous expenses for the month were totaled at $12,450
Instructions: 1- Journalize each of the March transactions. 2- Post these transactions in to the General Ledger.