Please complete requirement $8-12$

Course Project Overview The Course Project consists of 12 Requirements for you to complete. The Course Project is due at the end of '11>ek g. See the Modules section for due date information. All ofthe information you need to complete the Courr Project is located in this There are eight worksheets in the workbook you need to complete. A list of March transactions A Chart of Accounts reference sheet A Grading Rubric to help explain Ihhat is expected. Each Iharksheet has the Check Figures embedded as a comment You-ve just Ecured a new client in your accounting practice, Howard' g Flight Radio Ilana-emeut Corporation (EFRAT' , a brand small business specializing in flight management systems The Howard Allan: is a former Air Force pilot and retired Colonel, but definitely not an accountant Your job is to help put his in order. Luckily Hcnvard has only been in operation for a month and things have rnt gotten too cut ofhand vet! Howard has to submit financial statements to his investors and doem:t know where to begin. It's pur job to go through the complete Accounting cycle to prepare the financial 3tatementg for the HFR_M. Requirements Req me MGMT210: Course Proje R equ" me r M Use the emtedded usistance in the template, in your textbook, and examples in the ueekly assignments to complete this project. Should have any questions contact your professor. During its first month of operation, HFRM completed the following transactions. 'vlarch I March S >larch S March 10 March I S 20 March 31 vlarch 31 March 31 Lia bilities Stockholders Equity Exp enses March Transactions Transaon Des n Began busines by making a deposit in a company bank account of 522500, in exchange for 2,250 shares ofSIO par value common stock. Paid the premium on a I-year insurance policy, S2, 160. Paid the cunent month's rent expense, S I ,SOO_ Purchased repair equipment Yom Fred Company, Ss, SOC Paid 2200 doun and the balance placed on account The rest uill be paid in equal papnents 0'.zr the next 12 months. The first pa3ment is due 4'1. Note: Accounts Payable for the Balance Due. Purchased repair supplies from Gary Company on credit, Paid telephone bill for March. 5400. Cash flight management system (FMS) repair revenue for the first third S2000. Made to Garv Company, 5400. Cash FMS repair revenue for the second third of Me S2 Cash revenue for the last third of March, Paid the cunent month's electic bill, S300. Declared and paid cash dividend of S I ,COO. 212 411 Chan of Accounb Chart of Accounts Prepaid Insurance Repair Suppl i es Repair Equipment Accum Dep -Repair Equipment Accounts Payable Income Tax Payable Common Stock Retained Em-nin-s Store Rent Expense Telephone Expen Insurance Expense Repair Suppl Expense Dep Expense - Repair Equipment Income Tax Expense IWfrom Gart prepid Store rent expense cash Repair equipment cash account payble repair supplies able telephone expense cash accounts payable cash cash electric expense Normal Balance Debit Debit Credit Debit Debit Debit Debit D 2200 22500 2,160 2,160 2.0001 z ooo 1,500 300 REQUIREMENT #2: Post the March journal entries to the following T-Accounts and compute ending 16 una I-Mar I-Mar I-Mar a-Mar 10-Mar 11 Mar lb-Mar 20-Mar 31 Mar 31 Mar 31 Mar . balance I-Mar 8-Mar 3-Mar a-Mar a-Mar 18-Mar I-Mar 21-Mar Cash (111) 22 500 2 ooo 2 450 1 500 balances 2160 1 goo 2 200 1 ooo 20