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M Ratajczyk opened the Big D Emporium on March 1, 2017. During March, the following transactions were completed:

March 1 Issued 10,000 shares of common stock for $25,000 cash.

1 Purchased used servers for $10,000, paying $6,000 cash and the balance on account.

3 Purchased office supplies for $1,500 on account.

5 Paid $2,400 cash on 1-year insurance policy effective March 1.

14 Billed customers $4,200 for data analysis services.

18 Paid $1,500 cash on amount owed on servers and $500 on amount owed on office supplies.

20 Paid $2,750 cash for employee salaries.

21 Collected $1,400 cash from customers billed on March 14.

28 Billed customers $6,200 for data analysis services.

31 Paid $350 for server maintenance which did not extend the life or function of the servers.

31 Declared and paid $900 cash dividend.

Required:

1. Journalize the March transactions.

DATE	DESCRIPTION	POST REF	DEBIT	CREDIT
Mar 1 2017	Cash		$2,500
	Common Stock			$2,500
Mar 1 2017	Equipment		$10,000
	Cash			$6,000
	Accounts payable			$4,000
Mar 3 2017	Office supplies		$1,500
	Accounts Payable			$1,500
Mar 5 2017	Prepaid insurance		$2,400
	Cash			$2,400
Mar 14 2017	Accounts Receivable		$4,200
	Services Revenue			$4,200
Mar 18 2017	Accounts Payable		$2,250
	Cash			$2,250
Mar 20 2017	Salary Expense		$2,250
	Cash			$2,250
Mar 21 2017	Cash		$1,400
	Accounts Receivable			$1,400
Mar 28 2017	Accounts Receivable		$6,200
	Service Revenue			$6,200
Mar 31 2017	Maintenance Exp.		$350
	Cash			$350
Mar 31 2017	Dividend Exp		$900
	Cash			$900

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