=Journal entry and general ledger are provided=

e) f) g)

Completing the Accounting Cycle: Softbyte. Prepare the each of the following for Softbyte transactions for the accounting period from March 1 to March 31. a) Analyze Business Transactions b) Journalize the transactions. c) Post to ledger accounts d) Prepare a trial balance e) Journalize and post adjusting entries (Create a table) f) Prepare an adjusted trial balance (Create a table) g) Prepare financial statements. (Create a table) Under the following circumstances. Transactions occur only once (unless otherwise indicated). Softbyte uses the straight-line amoritzation. - On March 1 Owner invests $15,000 in computer business and names it "Softbyte" - Softbyte purchases computer equipment for $7,000 in cash on March 2 - Softbyte purchases supplies that will last several months for $1,600 on account on March 3 - Softbyte receives from customers $1,200 cash for programming services it provided on March 4 - Softbyte purchases Advertising $500 on Credit on March 5 - Softbyte provides $3,500 of programming services and receives payment of $1,500 on March 7 - Expenses paid in cash: rent of $600, salaries of $900 and utilities of $200 on March 8 - Softbyte pays its outstanding advertising bill of $250 in cash, on March 9 - Softbyte receives $600 in cash from customers billed in transaction 6 , on March 9 - Softbyte signs a contract to rent equipment, on March 10 - Softbyte purchases $1000 of inventory on account from ComputerCentre on March 11, term 2/10 n 30. - Softbyte pays the inventory bill with ComputerCentre on March 12. - Softbyte sells inventory for $500 on March 13. - Owner withdrawal of cash off $1,300 Adjusting Entries - On March 10, Softbyte billed clients $600 for services not yet provided. - On March 31, Softbyte owed salaries of $2100. Completing the Accounting Cycle: Softbyte. Prepare the each of the following for Softbyte transactions for the accounting period from March 1 to March 31. a) Analyze Business Transactions b) Journalize the transactions. c) Post to ledger accounts d) Prepare a trial balance e) Journalize and post adjusting entries (Create a table) f) Prepare an adjusted trial balance (Create a table) g) Prepare financial statements. (Create a table) Under the following circumstances. Transactions occur only once (unless otherwise indicated). Softbyte uses the straight-line amoritzation. - On March 1 Owner invests $15,000 in computer business and names it "Softbyte" - Softbyte purchases computer equipment for $7,000 in cash on March 2 - Softbyte purchases supplies that will last several months for $1,600 on account on March 3 - Softbyte receives from customers $1,200 cash for programming services it provided on March 4 - Softbyte purchases Advertising $500 on Credit on March 5 - Softbyte provides $3,500 of programming services and receives payment of $1,500 on March 7 - Expenses paid in cash: rent of $600, salaries of $900 and utilities of $200 on March 8 - Softbyte pays its outstanding advertising bill of $250 in cash, on March 9 - Softbyte receives $600 in cash from customers billed in transaction 6 , on March 9 - Softbyte signs a contract to rent equipment, on March 10 - Softbyte purchases $1000 of inventory on account from ComputerCentre on March 11, term 2/10 n 30. - Softbyte pays the inventory bill with ComputerCentre on March 12. - Softbyte sells inventory for $500 on March 13. - Owner withdrawal of cash off $1,300 Adjusting Entries - On March 10, Softbyte billed clients $600 for services not yet provided. - On March 31, Softbyte owed salaries of $2100