was bever shown how to properly do this wirh the proper formating someone help me! 1. prepare journal entries

, set up followin general ledger accounts

3 prepaire a trial balance

and using trial balance to prepare financial statements

Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2020: Mar. 1 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 immedlately recelved $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 premlum on an insurance policy. 20 Recelved $1,500 as partial payment for the work completed on March 9. 22 Placed on 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 cosh 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. Perform the following tasks: (1) Prepare journal entries to record the transactions. Use page I for the journal. (2) Set up the following general ledger accounts (use the balance column format or T-accounts) with no beginning balance. Post the entries to the general ledger accounts and enter the balance after each posting. - Cash (101) - Accounts Receivable (106) - Office Supplies (124) - Prepaid Insurance (128) (1) Prepare journal entries to record the transactions. Use page I for the journal. (2) Set up the following general ledger accounts (use the balance column format or T-accounts) with no beginning balance. Post the entries to the general ledger accounts and enter the balance after each posting. - 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) - Utilities Expense (690) (3) Prepare a trial balance as of the end of the month. (4) Using the trial balance to prepare the following financial statements. - an income statement or the month ended March 31, 2020 - a statement of changes in equity for the month ended March 31, 2020 a balance sheet at March 31,2020