Question: Bruce Bonner began a web - based computer sales and service company on March 1 , 2 0 2 8 called Bonner s Toys. Bruce

Bruce Bonner began a web-based computer sales and service company on March 1,2028 called Bonners Toys. Bruce has decided to record all prepayments to assets, and all unearned revenues to liabilities. Bonner Toys completed the follow transactions March 2028.
March 1 Bruce invested $11,000 cash along with $9,000 of computer equipment into his new business. The equipment is estimated to have a useful life of 2 years and have no residual value after that time.
March 1 Purchased 10 months of insurance for $1,000 cash; the insurance is effective immediately.
March 3 Ordered office supplies in the amount of $670 to be delivered later in the month. Payment due upon receipt of goods.
March 4 The company set up a petty cash fund in the amount of $150.
March 7 Sold web services to John Smiths company $4,000, John paid $1,000 cash and put the balance on his account.
March 9 Hired technician with salary of $650 to paid every other week.
"March 11
March 19" "Bought $200 of cleaning supplies on account.
Cheque # 100 for $100 was issued to pay for newspaper advertising. Advertisement to appear April 2 in the local paper."
March 19 Paid for cleaning supplies purchased on March 11.
March 20 Received office supplies ordered on the 3rd, paid cash for the supplies.
March 22 Received $1,000 cash from a XYZ company for 5 months of advertising on Bonners website. Contract for advertising to begin on April 1,20X8.
March 23 Paid technician $650 in salary for first two weeks of work.
March 25 Bought office furniture for $10,000 paying cash of $1,800 and signing a 1 year note at 6% for the balance.
March 26 John Smith paid his account in full.
March 27 Received and paid March telephone bill today in the amount of $183.
March 30 Bruce paid his personal property taxes with cash, amount $1,000.
March 31 Received a bill from the utilities company for March utilities in the amount of $130. The amount is due April 4.
March 31 Paid February and March rent today monthly rent is $1,200.
Jounarlize the transaction and calculate the balance of Cash at March 31,2028

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