P4-5A Laura Eddy opened Eddy’s Carpet Cleaners Inc. on March 1. During March, the fol¬

lowing transactions were completed.

Mar. 1 Issued stock for $10,000 in cash.

1 Pui chased used truck for $6,000, paying $3,000 cash and the balance on account.

3 Purchased cleaning supplies for $1,200 on account.

5 Paid $1,200 cash on one-year insurance policy effective March 1.