please solve problem 2-6A

Preparing gener Abc Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2020: Mar. | Invested $50,000 in cash and office equipment that had a fair value of $12,000. 1 Prepaid $9,000 cash for three months' rent for an office. 3 Made credit purchases of used office equipment for $6,000 and office supplies for $1.200. 5 Completed work for a client and immediately received $6.200 cash. 9. Completed a $4.000 project for a client, who will pay within 30 days. 11 Paid the account payable created on March 3. 15 Paid $3,000 cash for the annual premium on an insurance policy. 20 Received $1,500 as partial payment for the work completed on March 9. 22 Placed an order with a supplier for $4,800 of supplies to be delivered April 7. They must be paid for within 15 days of being received 23 Completed work for another client for $2,850 on credit. 27 Abe Factor withdrew $3,600 cash from the business to pay some personal expenses. 30 Purchased $650 of additional office supplies on credit. 31 Paid $860 for the month's utility bill. Required Prepare journal entries to record the transactions. Problem 2-5A Posting, preparing a trial balance 104, C5, C6 CHECK FIGURE: 3. Total Dr. = $75,700 Required Using the journal entries prepared in Problem 24A, complete the following: 1. Set up the following accounts (use the balance column format or T-accounts): Cash (101): Accounts Receivable (106): Office Supplies (124): Prepaid Insurance (128); Prepaid Rent (131): Office Equipment (163); Accounts Payable (201); Abe Factor, Capital (301); Abe Factor, Withdrawals (302): Accounting Revenue (401); and Utilities Expense (690). 2. Post the entries to the accounts and enter the balance after cach posting. 3. Prepare a trial balance as of the end of the month. Problem 26A Preparing financial statements from a trial balance 106 CHECK FIGURE: Profit-$12.190: Total assets $71.240 Using the trial balance prepared for X-Factor Accounting in Part 3 of Problem 2-5A, prepare an income statement and statement of changes in equity for the month ended March 31, 2020, and a balance sheet at March 31, 2020, Problem 26A Preparing financial statements from a trial balance 106 CHECK FIGURE: Profit-$12.190: Total assets = $71.240 Using the trial balance prepared for X-Factor Accounting in Part 3 of Problem 2-5A, prepare an income statement and statement of changes in equity for the month ended March 31, 2020, and a balance sheet at March 31, 2020