Question: Please complete 1 - 4, I will leave a good review. The following transaction occurred during March 2023, for Rehearsal Gift Shop, a SOLE PROPRIETORSHIP:

Please complete 1 - 4, I will leave a good review.

The following transaction occurred during March 2023, for Rehearsal Gift Shop, a SOLE PROPRIETORSHIP: March137910122330Ownermade$40,000cashinvestmentinthebusiness.Purchased$15,000ofinventoryonaccountundertermsof4/10,n/30.Returned$1,000ofdefectivemerchandisepurchasedonMarch3.Paidfreightbillof$250fortheMarch3inventorypurchase.Soldinventoryonaccountfor$10,000.Paymenttermswere2/15,n/30.Thesegoodsoriginallycostthecompany$5,000.PaidamountowedontheMarch3inventory.Receivedsalesreturnof$1,000ontheMarch10sale.Theoriginalcostis$500.ReceivedcashfromMarch10customerinfullsettlementofherdebt. Requirements: 1. Journalize the transactions noted above. 2. Post the transactions to the T-accounts. 3. Prepare the Trial Balance. 4. Prepare a multi-step income statement for Rehearsal Gift Shop for the month ended March 31, 2023

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