Question
Lars Linken opened Ayayal Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. 1 Owner invested $18,000 cash in the company.
Lars Linken opened Ayayal Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. 1 Owner invested $18,000 cash in the company. 1 1 Borrowed $7.200 cash by signing a 6-month, 6% $7,200 note payable. Interest will be paid the first day of each subsequent month. Purchased used truck for $9.600 cash Paid $1,800 cash to cover rent from March 1 through May 31. Purchased cleaning supplies for $2.400 on account. Paid $600 on amount owed on cleaning supplie 2 3 Paid $3,000 cash on a 6-month insurance policy effective March 1. 6 14 Billed customers $4,440 for cleaning services performed. 10 20 21 20 31 31 Paid $2,100 cash for employee salaries Collected $1.920 cash from customers billed on March 14. Billed customers $5,040 for cleaning services performed Paid 5420 for gas and oil used in truck during month (use Maintenance and Repairs Expense). Owner withdrew $1,000 cash from the company Journalize the March transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation I (To record cash invested in the company) (To record notes payable) (To record purchase of truck) Debit Credit (To record maintenance of the truck) (To record owner withdraws)
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