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Accounting Cycle Review 4-02 a-i (Part Level Submission) Lars Linken opened Sheffield Cleaners on March 1, 2020. During March, the following transactions were completed. Mar.

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Accounting Cycle Review 4-02 a-i (Part Level Submission) Lars Linken opened Sheffield Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. 1 Owner invested $15,900 cash in the company. 1 Borrowed $6,600 cash by signing a 6-month, 6%, $6,600 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $8,500 cash. 2 Paid $1,500 cash to cover rent from March 1 through May 31. 3 Paid $2,400 cash on a 6-month insurance policy effective March 1. 6 Purchased deaning supplies for $2,120 on account. 14 Billed customers $3,920 for cleaning services performed. 18 Paid $530 on amount owed on cleaning supplies. 20 Paid $1,860 cash for employee salaries. 21 Collected $1,700 cash from customers billed on March 14. 28 Billed customers $4,450 for cleaning services performed. 31 Paid $370 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Owner withdrew $950 cash from the company. Your answer is correct. Journalize the March transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manuall problem.) Date Account Titles and Explanation Credit Debit 15900 Mar. 1 Cash I Owner's Capital 000 problem.) Date Account Titles and Explanation Debit Credit Mar. 1 Cash 15900 15900 Mar. 1 6600 Owner's Capital (To record cash invested in the company) cash Notes Payable (To record notes payable) Equipment 6600 Mar. 1 Cash 8500 (To record purchase of truck) Mar. 2 Prepaid Rent Cash PEPE 1500 Mar. 3 Prepaid Insurance sh Mar. 3 Prepaid Insurance 2400|| Cash 2400 6 Supplies 2120 Accounts Payable 2120 Mar. 14 Accounts Receivable 3920 Service Revenue 3920 Mar. 18 | Accounts Payable PEPPEREEEEEEEEE Cash 530 Mar. 20 Salaries and Wages Expense 1860 Cash 1860 Mar. 21 || Cash Cash 1700 Accounts Receivable 1700 Mar. 28 Accounts Receivable 44501 Service Revenue 4450 Mar. 31 Maintenance and Repairs Expense 370 Mar. 31 || Maintenance and Repairs Expense 370 Cash 370 (To record maintenance of the truck) Mar. 31 Owner's Drawings 950 Cash 950 (To record owner withdraws) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT (b) Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous pan Cash

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