Accounting Cycle Review 4-02 (Part Level Submission) Lars Linken opened Ayayai Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 Issued 12,000 shares of common stock for $18,000 cash. 1 Borrowed $7,200 cash by signing a 6-month, 6%, $7,200 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $9,600 cash. 2 Paid $1,800 cash to cover rent from March 1 through May 31. 3 Paid $3,000 cash on a 6-month insurance policy effective March 1. 6 Purchased cleaning supplies for $2,400 on account. 14 Billed customers $4,440 for cleaning services performed. 18 Paid $600 on amount owed on cleaning supplies. 20 Paid $2,100 cash for employee salaries. 21 Collected $1,920 cash from customers billed on March 14. 28 Billed customers $5,040 for cleaning services performed. 31 Paid $420 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $1,080 cash dividend. 1. Services performed but unbilled and uncollected at March 31 was $240. 2. Depreciation on equipment for the month was $300. 3. One-sixth of the insurance expired. 4. An inventory count shows $340 of cleaning supplies on hand at March 31. 5. Accrued but unpaid employee salaries were $1,300. 6. One month of the prepaid rent has expired. 7. One month of interest expense related to the note payable has accrued and will be paid April 1. Prepare a post-closing trial balance at March 31. AYAYAI CLEANERS Post-Closing Trial Balance Debit Credit $ $ $ $