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Lars Linken opened Flounder Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. Owner invested $12,600 cash in the company. 1
Lars Linken opened Flounder Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. Owner invested $12,600 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 $6,700 cash. 14 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 $1,680 on account. Billed customers $3,110 for cleaning services performed. 18 Paid $420 on amount owed on teaning supplies. 20 Paid $1,470 cash for employee salaries. 21 Collected $1,340 cash from customers billed on March 14. 28 Billed customers $3,530 for cleaning services performed. 31 Paid $290 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Owner withdrew $760 cash from the company. Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) > < > > > Cash < < > < < < > Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Equipment Notes Payable Accounts Payable Owner's Capital > Owner's Drawings Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense
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