PROBLEM 2 (35 POINTS) The Sergeant Friday Company had the following activity during its first month of operations: March 2: The company received cash of $55,000 and issued common stock to the shareholders. March 3: Purchased office supplies on account, $2,600. March 4: Provided services for clients and received $44,000 cash. March 5: Received a $20,000 loan from a local bank and issued a note payable. March 15: Paid employee salaries of $13,540. March 21: Paid $1,700 for rent, $800 for utilities, and $700 for the supplies purchased on March 3. Required: On the following pages: a) prepare the journal entries for the above transactions, with explanations. (4 points each) b) Post the entries to the General Ledger (5 points) c) Prepare a Trial Balance (6 points)