Question
Lars Linken opened Cheyenne Cleaners on March 1. 2020. During March, the following transactions were completed. Mar. Owner invested $12.300 cash in the company. 1
Lars Linken opened Cheyenne Cleaners on March 1. 2020. During March, the following transactions were completed. Mar. Owner invested $12.300 cash in the company. 1 1 1 2 3 6 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 $6.600 cash. Paid $1.200 cash to cover rent from March 1 through May 31. Paid $2,100 cash on a 6-month insurance policy effective March 1. Purchased cleaning supplies for $1,640 on account. 14 Billed customers $3,030 for cleaning services performed. 18 Paid $410 on amount owed on cleaning supplies. 20 21 Paid $1,440 cash for employee salaries. Collected $1,310 cash from customers billed on March 14. 28 Billed customers $3,440 for cleaning services performed. 31 31 Paid $290 for gas and oil used in truck during month (use Maintenance and Repairs Expense). Owner withdrew $740 cash from the company
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