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Gillian Shaw opened Shaw's Carpet Cleaners on March 1. During March, the following transactions were completed. Mar.1 Stockholders invested $10,000 cash in the business in

Gillian Shaw opened Shaw's Carpet Cleaners on March 1. During March, the following transactions were completed.

Mar.1

Stockholders invested $10,000 cash in the business in exchange for common stock.

1

Purchased 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 a 1-year insurance policy effective March 1.

14

Billed customers $4,800 for cleaning services.

18

Paid $1,500 cash on amount owed on truck and $500 on amount owed on cleaning supplies.

20

Paid $1,800 cash for employee salaries.

21

Collected $1,400 cash from customers billed on March 14.

28

Billed customers $4,500 for cleaning services.

31

Paid $500 for the monthly gasoline bill for the truck.

Paid a $700 cash dividend.

Adjusting Entries:

1.

Unbilled revenue for services performed at March 31 was $500.

2.

Depreciation on equipment for the month was $300.

3.

One-twelfth of the insurance expired.

4.

An inventory count shows $250 of cleaning supplies on hand at March 31.

5. Accrued but unpaid employee salaries were $550.

Prepare an adjusted trial balance with the information provided.

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