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

Mar. 1		Issued 8,400 shares of common stock for $12,600 cash.
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 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.

(h)

Journalize and post closing entries and complete the closing process. (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 0 for the amounts. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.)

(i)

The parts of this question must be completed in order. This part will be available when you complete the part above.

(h) Journalize and post closing entries and complete the closing process. (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 O for the amounts. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Date Account Titles and Explanation Debit Credit Mar. 31 Service Revenue 6810 Income Summary 6810 (To close revenue account) Mar. 31 Income Summary 5094 Maintenance and Repairs Expense 290 Depreciation Expense 210 350 Insurance Expense E 14 Supplies Expense 2380 Salaries and Wages Expense Rent Expense 400 Interest Expense 24 (To close expense accounts) Mar. 31 Income Summary 1716 1716 (To close net income to retained earnings) Mar. 31 760 760 (To close dividends to retained earnings) Cash 3/1 12,600 3/1 6,700 3/1 4,800 3/2 1,200 3/21 1,340 3/3 2,100 Cash 3/1 12,600 3/1 6,700 3/1 4,800 3/2 1,200 3/21 1,340 3/3 2,100 3/18 420 3/20 1,470 3/31 290 3/31 760 3/31 Bal. 5,800 Accounts Receivable 3/14 3,110 3/21 1,340 3/28 3,530 3/31 170 3/31 Bal. 5,470 Supplies Supplies 3/6 1,680 3/31 1,440 3/31 Bal. 240 Prepaid Rent 3/2 1,2003/31 400 3/31 Bal. 800 Prepaid Insurance 3/3 2,1003/31 350 3/31 Bal. 1,750 Equipment 3/1 6,700 3/31 Bal. 6,700 Accumulated Depreciation-Equipment 3/31 210 Accumulated Depreciation-Equipment 3/31 210 3/31 Bal. 210 Notes Payable 3/1 4,800 3/31 Bal. 4,800 Accounts Payable 3/18 420 3/6 1,680 3/31 Bal. 1,260 Salaries and Wages Payable 3/31 910 3/31 Bal. 910 Interest Payable 3/31 24 Interest Payable 3/31 24 3/31 Bal. 24 Common Stock 3/1 12,600 3/31 Bal. 12,600 Retained Earnings Dividends 3/31 760 Income Summary Service Revenue 3/14 3,110 3/28 3,530 3/31 170 Maintenance and Repairs Expense 3/31 290 Supplies Expense 3/31 1,440 Depreciation Expense 3/31 210 Insurance Expense 3/31 350 Salaries and Wages Expense 3/20 1,470