Lars Linken opened Marigold Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 1 1 2 3 6 14 18 20 21 28 31 31 Issued 8,800 shares of common stock for $13,200 cash. Borrowed $5,400 cash by signing a 6-month, 6%, $5,400 note payable. Interest will be paid the first day of each subsequent month. Purchased used truck for $7,000 cash. Paid $1,200 cash to cover rent from March 1 through May 31. Paid $2,100 cash on a 6-month insurance policy effective March 1. Purchased cleaning supplies for $1,760 on account. Billed customers $3,260 for cleaning services performed. Paid $440 on amount owed on cleaning supplies. Paid $1,540 cash for employee salaries. Collected $1,410 cash from customers billed on March 14. Billed customers $3,700 for cleaning services performed. Paid $310 for gas and oil used in truck during month (use Maintenance and Repairs Expense). Declared and paid a $790 cash dividend.

Lars Linken opened Marigold Cleaners on March 1.2022. During March, the following transactions were completed. 1 Borrowed $5,400 cash by signing a 6 -month, 6%,$5,400 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $7,000cash. 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 $1,760 on account. 14 Biled customers $3,260 for cleaning services performed 18 Paid $440 on amount owed on cleaning supplies. 20 Paid $1,540 cash for employee salaries. 21 Collected $1,410 cash from customers bilied on March 14. 28 Billed customers $3,700 for cleaning services performed 31 Paid \$310for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Deciared and paid a $790 cash dividend Post adjusting entries to the T-accounts. Prepaid Rent 3/2 1,200 Prepaid Insurance \begin{tabular}{lr|r|} \hline Equipment \\ \hline 3/1 & 7,000 & \\ \hline 3/31 BaL & 7,000 & \end{tabular} Accumulated Depreciation-Equipment Notes Payable \begin{tabular}{l|lr} \hline & 3/1 & 5,400 \\ \hline & 3/31 Bal. & 5,400 \end{tabular} Salaries and Wages Payable Interest Payable Dividends 3/31 790 Service Revenue 3/14 3,260 3/28 3.700 Maintenance and Repairs Expense 3/31 310 Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 3/20 1.540 Rent Expense Interest Expense