iPad 7:05 Santo Birch opens a Web consulting business called Show-Me-the-Money and completes the folowing March 1 Birch invests $145,000 cash along with office equipment valued at $34,800 in the company 2 The company propaid $7,200 cash for twelve months' rent for office space. (Hint Debi Prepaid Rent for $7,200.) 3 The company made credt purchases for $17,400 in office equipment and $3,480 in office supplies. Payment is due within 10 days. 6 The company completed services for a cient and immediately received $2,000 cash 9 The company completed a $11,800 project for a client, who must pay within 30 days 13 The company paid $20.,880 cash to settle the account payable created on March 3 19 The company paid $6,000 cash for the premium on a 12-month insurance policy (Hint Debit Prepaid Insurance for $6,000.) 22 The company received $9.280 cash as partial payment for the work completed on March 9 25 The company completed work for another client for $2,640 on credt 20 Birch withdrew $8 200 cash from the company for personal use 30 The company purchased $1,160 of additional office supplies on credit 31 The company paid $700 cash for this month's ublity bil 1. Recond these transactions using the following ttes: Cash, Accounts Receivable, Office Supplies, Prepaid Insurance, Prepaid Rent, Office Equipment, Accounts Payable S. Birch, Capital, S. Birch Withdrawas, Services Revenue, and Ulties Expense. (Omit the "" sign in your response.) Date to select) to select) to select) to select o select) to select) 13 o select) to seleck) o select) 25 to select) 29 o selecc) iPad 7:05 Click to select) 31 (ck to select 2. Open the ledger accounts for the account Stles referred in part 1 and post the journal entries from part 1 to the ledger accounts and enter the balance after each posing. (Record the transactions in given order Leave no cells blank - be certain to enter "O" wherever required.Input all amounts as positive values. Omit the "S" sign in your response Debit March 13 19 29 31 Accounts Receivable Debit March Office Supples Debit March3 30 Prepaid Insurance Debit March 19 Prepaid Rent March 2 Office Equipment Debit March Accounts Payable Credit March 3 Pad 7:05 Accounts Payable Date March 3 30 S. Birch, Capital Credt Date March 1 S. Birch, Withdrawals Date March 29 Debit Services Revenue Credt March 25 ties Expense Debit March 31 3. Prepare a trial balance as at April 30. (The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenues, and Expenses. Omit the$ sign in your response SHOW-ME-THE-MONEY CONSULTANTS Trial Balance March 31 Debit Click to select (Click to select) (Click to select (Click to seledti (Cick to selecty) Click to select) Click to select) (Click to select) (Click to select) Clck to select) (Click to select) Total Worksheet Learning Objective: 02-C3 Larming Objective: 02-P2 Prepare and explain the use of a Describe a ledger and a chart trial balance