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Martinez Designs started its operations on $1$ March and its transactions for the month are given below.

Mar $1$ Martinez invested $$12,000$ cash and $$10,000$ in equipment to start the business.

Mar $2$ Paid rent $ $3,000$ for three months.

Mar $5$ Purchased a furniture by paying $$2,000$ cash and executing a loan payable for $$6000.$

Mar $7$ Purchased office supplies for $$1,250$ cash.

Mar $9$ Billed a client for $$18,000$ of design services completed.

Mar $11$ Purchased office supplies on credit $ $1,000$

Mar $14$ Received $$9,700$ on account for the services previously recorded.

Mar $20$ partly settled the accounts payable $ $500$

Mar $25$ received customer advance for design services to be completed in April $ $1,300$

Mar $28$ Martinez took $ $500$ cash for his personal use.

March $31$ Received electricity bill for the month of $ $800$

Use the following accounts: cash, accounts receivables, office supplies, equipment, furniture, accounts payable, unearned service revenue, service revenue, Martinez Capital, Martinez withdrawal, rent expenses, and electricity expenses.

a$.$ Journalise the above transactions $($explanations not necessary$).$

b$.$ Post journal entries to the general ledger $($prepare T accounts$)$

c$.$ Using a worksheet, prepare the following;

i$.$ trial balance

ii$.$ adjustments

$-$ rent expenses

$-$ office supplies balance at the end of March is $750$

iii. adjusted trial balance

iv$.$ income statement

v$.$ balance sheet

d$.$ Using classified formats, prepare

i$.$ Income statement

ii$.$ Statement of changes in equity

iii. Balance sheet

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