Record the following transactions in a general journal. Make use of only these account titles: Cash; Accounts Receivable; Accounts Payable; Supplies; Equipment; your name, Capital; your name, Drawing; Service Revenue; Rent Expense; Supplies Expense; Utilities Expense.
3/1/07 Invested $20,000 in cash and $5,000 of equipment in business
3/5/07 Purchased equipment on account: $1,200
3/7/07 Purchased supplies on account: $500
3/10/07 Purchased supplies with cash: $1,000
3/13/07 Received cash for services provided to clients: $2,500
3/15/07 Paid rent: $850
3/20/07 Billed clients for services performed: $850
3/25/07 Paid for equipment purchased on: 3/5/07
3/28/07 Received payment for services performed on: 3/20/07
3/31/07 Withdrew cash for personal use: $3,000
After recording transactions given above, post to the general ledger.