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Lars Linken opened Cheyenne Cleaners on March 1, 2022. 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, 2022. During March, the following transactions were completed. Mar. Owner invested $12,300 cash in the company. 1 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 $6,600 cash. 2 Paid $1,200 cash to cover rent from March 1 through May 31. 3 Paid $2,100 cash on a 6-month insurance policy effective March 1. 6 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 Paid $1,440 cash for employee salaries. 21 Collected $1,310 cash from customers billed on March 14. 28 Billed customers $3,440 for cleaning services performed. 31 Paid $290 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Owner withdrew $740 cash from the company. Particulars Cash Accounts Receivable Supplies Service Revenue Owner's Capital Accounts Payable Prepaid Rent CHEYENNE CLEANERS Trial Balance March 31, 2022 Debit 5630 5630 5160 1640 1200 Salaries and Wages Expense 1440 Credit 6470 12300 1230 Owner's Capital Accounts Payable Prepaid Rent Salaries and Wages Expense 1200 1440 Maintenance and Repairs Expense 290 Prepaid Insurance Equipment Notes Payable Totals 2100 6600 12300 1230 4800 24800 24800 Prepare an adjusted trial balance. CHEYENNE CLEANERS Adjusted Trial Balance +A Debit A Credit
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