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Lars Linken opened Ayayai Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. Issued 7,400 shares of common stock for $11,100

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Lars Linken opened Ayayai Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. Issued 7,400 shares of common stock for $11,100 cash. 1 . 1 Borrowed $4,200 cash by signing a 6 -month, 6%,$4,200 note payable. Interest will be paid the first day of each subsequent month. Purchased use 1 truck for $5,900 cash. Paid \$1,200 cash to cover rent from March 1 through May 31. Paid $1,800 cash on a 6 -month insurance policy effective March 1. Purchased cleaning supplies for $1,480 on account. Bllted eustomers $2,740 for cleaning services performed. Paid $370 on amount owed on cleaning supplies. Paid $1,300 cash for employee salaries. Collected \$1,180 cash from customers billed on March 14. Blited customers $3,110 for cleaning services performed. Paid $260 for gas and oil used in truck during month (use Maintenance and Repairs Expense). Declared and paid a $670 eash dividend

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