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I got the answer I just need to show work on an empty t account worksheet to get full credit Lars Linken opened Lars Cleaners
I got the answer I just need to show work on an empty t account worksheet to get full credit
Lars Linken opened Lars Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 Owner invested $15,000 cash in the company. 1 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 May 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 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 Owner withdrew $900 cash from the company. Total Debits Total Credits ASSET BALANCE LIABILITIES S SHEET \begin{tabular}{l|l|} \hline & \\ \hline & \\ \hline \end{tabular} INCOME STATEMENT \begin{tabular}{l|l|} \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|} \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|} \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|} \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|} \hline & \\ \hline & \\ \hline \end{tabular} EQUITY \begin{tabular}{l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|} \hline & \\ \hline & \\ \hline \end{tabular} OWNER'S EQUITY STATEMENT \begin{tabular}{l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|} \hline & \\ \hline & \\ \hline \end{tabular} PStep by Step Solution
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