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Assignment

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.