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Lars Linken opened Flounder Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. Issued 8,400 shares of common stock for $12,600

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Lars Linken opened Flounder Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. Issued 8,400 shares of common stock for $12,600 cash. 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. 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. 14 Billed customers $3,110 for cleaning services performed. 18 Paid $420 on amount owed on cleaning 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 Declared and paid a $760 cash dividend. The chart of accounts for Flounder Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumulated Depreciation Equipment, 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 following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) 1. 2. 3. 4. Services performed but unbilled and uncollected at March 31 was $170. Depreciation on equipment for the month was $210. One-sixth of the insurance expired. An inventory count shows $240 of cleaning supplies on hand at March 31. Accrued but unpaid employee salaries were $910. One month of the prepaid rent has expired. One month of interest expense related to the note payable has accrued and will be paid April 1. 5. 6. 7. Sr. Date Account Titles and Explanation Debit Credi 1. 2. 2 3. 4. 5. 5

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