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2 (LO.2.3.4). AP Lars Linken opened Lars Cleaners on March 1, 2025. During March, the following transactions were comp Borrowed $6,000 cash by signing
2 (LO.2.3.4). AP Lars Linken opened Lars Cleaners on March 1, 2025. During March, the following transactions were comp Borrowed $6,000 cash by signing a 6-month, 6%, $6,000 note payable. Interest will be paid the first day of each subsequent month. Purchased used truck for $8,000 cash. Mar. 1 Issued 10,000 shares of common stock for $15,000 cash. 1 1 2 Paid $1,500 cash to cover rent from March 1 through May 31.1 3 Paid $2.400 cash on a 6-month insurance policy effective March 1. 6 Purchased cleaning supplies for $2,000 on account. 14 Billed customers $3,700 for cleaning services performed. 18 Paid $500 on amount owed on cleaning supplies. 20 Paid $1,750 cash for employee salaries. 21 Collected $1,600 cash from customers billed on March 14. 28 Billed customers $4,200 for cleaning services performed. 31 Paid $350 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $900 cash dividend. dated Renreciation
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