Task: You are to perform the accounting cycle by: Create a ledger Don't forget record Previous Month Balance Adjusting Entries: End of Period March 31st Record using $400 of supplies this month Record using 1 month of insurance this month Record a $100 phone bill that occurred this month, but you will pay next month Amortize your vehicle for 1 month Previous Month Balances Cash Equipment $11,000 $8,000 Supplies $1,100 Accounts Receivable Owners Capital $20,730 $3,000 Accounts Unearned Accumulative Internet Payable Prepaid-Advertis Payable Revenue Amortization-Eq $120 ing $2,000 $500 uipment $600 $350