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Lars Linken Opened Grouper Cleaners on March 1 , 2 0 2 2 . During March, the following transactions were completed. Mar. 1 Issued 8
Lars Linken Opened Grouper Cleaners on March During March, the following transactions were completed.
Mar.
Issued shares of common stock for $ cash.
Borrowed $ cash by signing a month, $ note payable. Interest will be paid the first day of each subsequent month.
Purchased used truck for $ Cash
Paid $ Cahs to cover rent form March through May
Paid $ cash on a month insurance policy effective March
Purchased cleaning supplies for $ on account.
Billed customers $ for cleaning services performed.
Paid $ on amount owed on cleaning supplies.
Paid $ Cahs for employee salaries.
Collected $ cash from customers billed on March
Billed customers $ for cleaning services performed.
Paid $ For gas and oil used in truck during month use Maintenance and Repairs Expense
Declared and paid a $ cash dividend
a Journalize the March Transactions
b Post to the ledger accounts
Cash
Accounts Receivable
Prepaid Rent
Prepaid Insurance
Equipment
Notes Payable
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
