•march 1: owner borrowed $125,000 to fund/start the business. the loan term is 5 years. •march 1: owner paid $250 to the county for a business license. •march 2: owner signed lease on office space; paying first (march 20xx) and last month’s rent of $950 per month. •march 5: owner contributed office furniture valued at $2,750 and cash in the amount of $15,000 to the business. •march 6: owner performed service for client in the amount of $650. customer paid in cash. •march 8: owner purchased advertising services on account in the amount of $500. •march 10: owner provided services to client on account, in the amount of $1,725. •march 15: owner paid business insurance in the amount of $750. •march 20: the owner received first utility bill in the amount of $135, due in april. •march 20: office copier required maintenance; owner paid $95.00 for copier servicing. •march 22: owner withdrew $500 cash for personal use. •march 25: owner paid $215 for office supplies. •march 25: owner provided service to client in the amount of $350. client paid at time of service. •march 30: owner paid balance due for advertising expense purchase on march 8. •march 30: received payment from customer for march 10 invoice in the amount of $1,725. •march 31: last day of pay period; owner owes part-time worker $275 for the march 16 through march 31 pay period. this will be paid on april 5. •march 31: provided service for client on account in the amount of $3,500. •march 31: record depreciation of the office furniture at $45.83.