Instructions:

$($a$)$ Journalize and post the March transactions, Use page J$1$ for

the journal and the three$-$column form of account.

$($b$)$ Prepare a trial balance at March $31$ on a worksheet.

$($c$)$ Enter the following adjustments on the worksheet and

complete the worksheet.

$(1)$ Unbilled and uncollected revenue for services

performed at March $31$ was $$500.$

$(2)$ Depreciation on equipment for the month was $$300.$

$(3)$ One$-$twelfth of the insurance expired.

$(4)$ An inventory count shows $$250$ of cleaning supplies on

hand at March $31.$

$(5)$ Accrued but unpaid employee salaries were $$550.$

$($d$)$ Prepare an income statement and a retained earnings

statement for March and a classified balance sheet at

March $31.$

$($e$)$ Journalize and post adjusting entries. Use page $J2$ for the

journal.

$($f$)$ Journalize and post closing entries and complete the closing

process. Use page $13$ for the journal.

$($g$)$ Prepare a post$-$closing trial balance at March $31.$