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%, 54,800 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 5400 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 BRIDGEPORT CLEANERS Income Statement For the Month Ended March 31, 2020 Revenues Service Revenue 6,480 Expenses Rent Expense 400 300 i Insurance Expense Salaries and Wages Expense 2,260 Maintenance and Repairs Expense 280 1 Interest Expense 24 200 i Depreciation Expense Supolies Expense 1.380 Total Expenses 4,844 Net Income /(Loss) 1.636 Prepare a Owner's Equity statement for March. (List items that increase owner's equity first.) BRIDGEPORT CLEANERS Owner's Capital Statement For the Year Ended March 31, 2020 For the Month Ended March 31, 2020 March 31, 2020