Karen Noonan opened Larkspur, Inc. on February 1, 2017. During February, the following transactions were completed.

Karen Noonan opened Larkspur, Inc. on February 1, 2017. During February, the following transactions were completed. Feb. 1 Issued 4,000 shares of Clean Sweep common stock for $13,260. Each share has a $1.50 par. 1 Borrowed $8,000 on a 2-year, 6% note payable 1 Paid $9,200 to purchase used floor and window cleaning equipment from a company going out of business ($5,120 was for the floor equipment and $4,080 for the window equipment) 1 Paid $220 for February Internet and phone services 3 Purchased cleaning supplies for $1,000 on account. 4 Hired 4 employees. Each will be paid $490 per 5-day work week (Monday- Friday). Employees will begin working Monday, February 9 5 Obtained insurance coverage for $11,040 per year. Coverage runs from February 1, 2017, through January 31, 2018. Karen paid $2,760 cash for the first quarter of coverage 5 Discussions with the insurance agent indicated that providing outside window cleaning services would cost too much to insure. Karen sold the window cleaning equipment for $4,030 cash 16 Billed customers $3,980 for cleaning services performed through February 13, 2017 17 Received $540 from a customer for 4 weeks of cleaning services to begin February 21, 2017 18 Paid $310 on amount owed on cleaning supplies. 20 Paid $3 per share to buy 300 shares of Clean Sweep common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares. 23 Billed customers $4,390 for cleaning services performed through February 20 24 Paid cash for employees wages for 2 weeks (February 9-13 and 16-20) 25 Collected $2,550 cash from customers billed on February 16 27 Paid $220 for Internet and phone services for March. 28 Declared and paida cash dividend of $0.15 per share