Lars Linken opened Concord Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. Owner invested $16,500 cash in the company 1 1 1 2 3 6 14 Borrowed $6,600 cash by signing a 6-month, 6%. $6.600 note payable. Interest will be paid the first day of each subsequent month Purchased used truck for $8,800 cash. Paid $1.800 cash to cover rent from March 1 through May 31 Paid $2,700 cash on a 6-month insurance policy effective March 1 Purchased cleaning supplies for $2,200 on account Billed customers $4.070 for cleaning services performed. Paid $550 on amount owed on cleaning supplies. Paid $1.930 cash for employee salaries Collected $1,760 cash from customers billed on March 14 Billed customers $4.620 for cleaning services performed Pald $390 for gas and all used in truck during month luse Maintenance and repairs Experse). Owner withdrew 5990 cash from the company 18 20 21 28 31 31 Post closing entries and complete the closing process. (For accounts that have zero ending balance, the entry should be the balance date and zero for the amount. Post entries in the order of journal entries presented) Cash 3/1 8,800 16,500 3/1 1.800 3/1 6,600 312 2,700 3/21 1,760 3/3 3/18 550 3/20 1.930 3/31 390 3/31 990 3/31 Bal 7.700 Accounts Receivable 1.760 40703/21 3/14 3/28 4620 3131 3731 7 150 Supplies UA 51F search o 71.847 100 !! Question 1 of 1 Supplies 3/6 1,890 2,200 3/31 3/31 Bal. 310 Prepaid Rent 600 3/2 1,800 3/31 3/31 Bal 1.200 Prepaid Insurance 3/3 450 2,7003/31 3/31B 2,250 Equipment 371 8,800 3/31 Bal 8.800 Accumulated Depreciation Equipment 3131 280 3/3 Bal 280 Notes Payable a 19 51F NWP Assesment PlayerUIA X C Get Homework Help With CX cLars Linken Opened Mangol Project Accounting Concep X ey.com/was/ui/v2/assessment-player/index.html?launchid=346683-1ab1-4940-8443-75c76100bb2d/question/ 71.84 / 100 Question 1 of 1