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

Mar. 1		Issued 9,200 shares of common stock for $13,800 cash.
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 $7,400 cash.
2		Paid $1,500 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 $1,840 on account.
14		Billed customers $3,400 for cleaning services performed.
18		Paid $460 on amount owed on cleaning supplies.
20		Paid $1,610 cash for employee salaries.
21		Collected $1,470 cash from customers billed on March 14.
28		Billed customers $3,860 for cleaning services performed.
31		Paid $320 for gas and oil used in truck during month (use Maintenance and Repairs Expense).
31		Declared and paid a $830 cash dividend.

Following are the adjusting entries.

1.		Services performed but unbilled and uncollected at March 31 was $180.
2.		Depreciation on equipment for the month was $230.
3.		One-sixth of the insurance expired.
4.		An inventory count shows $260 of cleaning supplies on hand at March 31.
5.		Accrued but unpaid employee salaries were $990.
6.		One month of the prepaid rent has expired.
7.		One month of interest expense related to the note payable has accrued and will be paid April 1.

Look at the adjusted trial balance and prepare the balance sheet and also post the closing entries and also Prepare a post-closing trial balance at March 31.

Prepare an adjusted trial balance. MONTY CLEANERS Trial Balance March 31, 2022 Debit Credit Cash 6450 $ Accounts Receivable 5970 Supplies 260 Accounts Payable 1380 Accumulated Depreciation Equipment 230 Supplies Expense 1580 Common Stock 13800 Depreciation Expense 230 Dividends 830 Insurance Expense 350 Interest Expense 54 Interest Payable Maintenance and Repairs Expense 320 Notes Payable 5400 Prepaid Insurance 1750 Prepaid Rent 0 Rent Expense 1500 Salaries and Wages Expense 2600 Salaries and Wages Payable 990 Service Revenue 7440 Equipment 7400 Totals 29294 29294 Prepare a classified balance sheet at March 31. (List Current Assets in order of liquidity.) MONTY CLEANERS Balance Sheet Assets Liabilities and Stockholders' Equity Journalize and post closing entries and complete the closing process. (Credit account titles are automatically indented when the amount is entered. Do not indent man Date Account Titles and Explanation Debit Credit Mar. 31 (To close revenue account) Mar. 31 (To close expense accounts) Mar. 31 (To close net income to retained earnings) Mar. 31 (To close dividends to retained earnings) Prepare a post-closing trial balance at March 31. MONTY CLEANERS Post-Closing Trial Balance Debit Credit