Problem $2-4$A Preparing general journal entries $$ LO$3,5$

Abe Factor opened a new accounting practice called X$-$Factor Accounting and completed these activities during March $2020$:RequiredPrepare journal entries to record the transactions.Problem $2-5$A Posting, preparing a trial balance LO$4,5,6$CHECK FIGURE: $3.$ Total Dr$.=$$$75,700$RequiredUsing the journal entries prepared in Problem $2-4$A$,$ complete the following:

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 $(690).$

Post the entries to the accounts and enter the balance after each posting.

Prepare a trial balance as of the end of the month.