Lars Linken opened Bridgeport Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. 1 1 1 2 3 6 Owner invested $12,000 cash in the company. 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. Purchased used truck for $6,400 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 $1,600 on account Billed customers $2,960 for cleaning services performed Paid $400 on amount owed on cleaning supplies. Paid $1,400 cash for employee salaries. Collected $1.280 cash from customers billed on March 14. Billed customers $3.360 for cleaning services performed. Paid $280 for gas and oil used in truck during month (use Maintenance and Repairs Expense) Owner withdrew $720 cash from the company 14 18 20 21 28 31 31 Post adjusting entries to the T-accounts. 3/1 3/1 3/21 Cash 12,000 3/1 4,800 3/2 1,280 3/3 3/18 3/20 3/31 3/31 5,880 6,400 1,200 1,800 400 1,400 280 720 3/31 Bal. Accounts Receivable 2,960 3/21 3/14 1.280 3/28 3,360 Supplies 3/6 1,600 v Prepaid Rent 3/2 1.200 Prepaid Insurance 3/3 1.800 3/1 3/31 Bal. Equipment 6,400 6,400 Accumulated Depreciation-Equipment Notes Payable 3/1 3/31 Bal. 4.800 4.800 3/18 Accounts Payable 400 3/6 3/31 Bal 1,600 1,200 Salaries and Wages Payable Interest Payable Owner's Capital 3/1 3/31 Bal. 12.000 12.000 Owner's Drawings 3/31 720 Service Revenue 3/14 2,960 3/28 3,360 Maintenance and Repairs Expense 3/31 280 Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 3/20 1,400 Rent Expense Interest Expense