ACR 4.2 Lars Linken opened Lars Cleaners on March 1, 2020. During March, the following transactions were completed Shareholders invested 15,000 cash in the business in exchange for ordinary Mar 1 shares. 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. 1 Purchased used truck for 8,000 cash. 2 Paid 1.500 cash to cover rent from March 1 through Nay 31 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 account owned 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 24 paid 350 for gas and oil used in truck during month (use Maintenance and Repair expense) 31 Declared and paid a 900 cash dividend. The chart of accounts for Lars Cleaners contains the following accounts: Cash, Accounts Receivables, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumulated Depreciation Equipment, Accounts Payable, Salaries and Wages Payable. Notes Payable, Interest Payable, Share Capital-Ordinary Retained Earnings. Dividends, Income Summary, Service Revenue, Maintenance and Repair expense, Supplies expense, Depreciation expense, Insurance Expense, Salaries and Wages expense, Rent expense, and Interest expense. Instruction a Journalize the July transactions b Post to the leger accounts. (use T-accounts) Prepare a trial balance at March 31. d Journalize the following adjustments.. 1 Services performed but unbilled and uncollected at March were 300. 2 Depreciation on equipment for the month was 250. 3 One-sixth of the insurance expired. 4 An inventory count shows 280 of cleaning supplies on hand at March 31. 5 Accrued but unpaid employee salaries were 1,080. 6 One month of the prepaid rent has expired. One month of interest expense related to the note payable has accrued and will be paid April 1 e 9 h Post adjusting entries to the T-accounts Prepare an adjusted trial balance. Prepare the income statement and a retained earnings statement for March and a classified statement of financial position at March 31 Joumalize and post closing entries and complete the closing process Prepare a post-closing trial balance at March 31