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Lars Linken opened Bramble Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 Owner invested $ 11,700 cash in the
Lars Linken opened Bramble Cleaners on March 1, 2022. During March, the following transactions were completed.
Mar. 1 | Owner invested $ 11,700 cash in the company. | ||
1 | Borrowed $ 4,800 cash by signing a 6-month, 6%, $ 4,800 note payable. Interest will be paid the first day of each subsequent month. | ||
1 | Purchased used truck for $ 6,200 cash. | ||
2 | Paid $ 1,200 cash to cover rent from March 1 through May 31. | ||
3 | Paid $ 1,800 cash on a 6-month insurance policy effective March 1. | ||
6 | Purchased cleaning supplies for $ 1,560 on account. | ||
14 | Billed customers $ 2,890 for cleaning services performed. | ||
18 | Paid $ 390 on amount owed on cleaning supplies. | ||
20 | Paid $ 1,370 cash for employee salaries. | ||
21 | Collected $ 1,250 cash from customers billed on March 14. | ||
28 | Billed customers $ 3,280 for cleaning services performed. | ||
31 | Paid $ 270 for gas and oil used in truck during month (use Maintenance and Repairs Expense). | ||
31 | Owner withdrew $ 700 cash from the company. |
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