Question: Having a hard time using this example to fill these in. The following events occurred in March: March 1: Owner borrowed $125,000 to fund/start the

Having a hard time using this example to fill these in.

The following events occurred in March: March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years. March 1: Owner paid $250 to the county for a business license. March 2: Owner signed lease on office space; paying first (March 20XX) and last month's rent of $950 per month. March 5: Owner contributed office furniture valued at $2,750 and cash in the amount of $15,000 to the business. March 6: Owner performed service for client in the amount of $650. Customer paid in cash. March 8: Owner purchased advertising services on account in the amount of $500. March 10: March 15: March 20: March 20: March 22: March 25: March 25: March 30: March 30 March 31 March 3 1 March 31 March 31 Owner provided services to client on account, in the amount of $1,725. Owner paid business insurance in the amount of $750. The owner received first utility bill in the amount of $135, due in April. Office copier required maintenance; owner paid $95.00 for copier servicing. Owner withdrew $500 cash for personal use. Owner paid $215 for office supplies. Owner provided service to client in the amount of $350. Client paid at time of service. Owner paid balance due for advertising expense purchase on March 8. : Received payment from customer for March 10 invoice in the amount of $1,725. : Last day of pay period; owner owes part-time worker $275 for the March 16 through pay period. This will be paid on April 5. : Provided service for client on account in the amount of $3,500. : Record depreciation of the office furniture at $45.83. A Company Income Statement For Month ending 3/31/20XX Revenues Total Revenues Operating Expenses: Total Operating Expenses: Net IncomeStatement of Owner's Equity Period Ending 03/31/20XX Beginning Capital on 3/01/20XX un Increases to capital Net income/loss: Owner Contributions Subtotal: Decreases to capital Owner Draws Ending Equity as of 03/31/20XX SA Company Balance Sheet As of March 31, 20XX Assets Liabilities and Owners' Equity Current Assets: Current Liabilities: Total Current Liabilities Long Term Liabilities: Total Current Assets Total Long Term Liabilities: Total Liabilities: - Owner's Equity Non-Current Assets: Total Equity Total Non Current/Fixed Assets Total Assets: Total Liabilities & Equity

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