Lars Linken opened Concord Cleaners on March 1, 2022. During March, the following transactions were completed.

Mar. 1		Issued 11,000 shares of common stock for $16,500 cash.
1		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.
1		Purchased used truck for $8,800 cash.
2		Paid $1,800 cash to cover rent from March 1 through May 31.
3		Paid $2,700 cash on a 6-month insurance policy effective March 1.
6		Purchased cleaning supplies for $2,200 on account.
14		Billed customers $4,070 for cleaning services performed.
18		Paid $550 on amount owed on cleaning supplies.
20		Paid $1,930 cash for employee salaries.
21		Collected $1,760 cash from customers billed on March 14.
28		Billed customers $4,620 for cleaning services performed.
31		Paid $390 for gas and oil used in truck during month (use Maintenance and Repairs Expense).
31		Declared and paid a $990 cash dividend.

The chart of accounts for Concord Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumulated DepreciationEquipment, Accounts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Rent Expense, and Interest Expense.

Journalize the closing entries.

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.)