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Journalize the March Transactions with titles. Lars Linken opened Flounder Cleaners on March 1, 2025, During March, the following transactions were completed. Mar. 1 Issued
Journalize the March Transactions with titles. Lars Linken opened Flounder Cleaners on March 1, 2025, During March, the following transactions were completed. Mar. 1 Issued 8,400 shares of common stock for $12,600 cash. 1 Borrowed 54,800 cash ty vigning a 6-month, 6\%, 54,800 note payable, Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $6,700 cash. 2 Paid $1.200 cach to cover rent from March 1 through May 31. 3 Paid $2,100 cashon a 6 -month insurance policy effective March 1. 6 Purchased cleaning supplies for $1,680 on account. 14 Baled custamers $3,110 for cleaning services performed 18 Paid 5420 on amount owed on cleaning supplies. 20 Paid $1,470 cashfor emplowee salaries. 21 Collected $1,340 each from curtomers bilied on March 14. 28 Biled customers $3,530 for cleanine senvices performed. 31. Paid \$290 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $760 cash dividend. The chart of accounts for Flounder Cleaners contains the following accounts: Cash. Accounts Recelvable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumolatad Depreciation-Equipment, Accounts Payable, Salaries and Watres Payble. Notes Payable. Interest Payable, Common Stock, Retalned Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense. Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Rent Expense, and Interest Expense. Joumalize the March transactions. (Nist all debit entries before credil tentries, Credit occount titles are outomatically indented when the amount is entered. Do not indent nomuslfy. Record foumal entries in the order presented in the problem. If no entry bs required, seicet "No Entry" for the occount titiles and enter o for the omounts. Mar. 6 Mar. 14 Mar. 18 Mar.20 Mar.21 Mar 28 Mar 31 M0,31
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