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Lars Linken opened Monty Cleaners on March 1,2020. During March, the following transactions were completed. 1 Borrowed $5,400 cash by signing a 6 -month, 6%,$5,400
Lars Linken opened Monty Cleaners on March 1,2020. 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 isubsequentmonth. 1 Purchased used truck for $7,400cash 2 Paid \$1,500 cash to cover fent from March 1 through May 31 3. Pald \$2.100 cashon a 6-monthinsurice policy effective March 1. 6 Purchased cleaningsupples for $1,840 on account 14. Billed customers $3,400 forcieaning cervices periormed 18 Pida $460 on amount owed on cleaniner supplies 20 Paid \$1.610 canh for employec salacies 21 Colfected \$1,470 cash from cuttomers thiled bo March is 1 Purchasedused truck for $7,400 cash. 2. Paid $1.500 cash to cover rent from March 1 through May 31. 3. Pald $2.100 cash on a 6 -month insurance policy effective March 1. 6 Purchased cleaning supplies for $1,840 on account. 14 Bllied customers $3,400 for cleaning services performed. 18 Pald $460 on amount owed on cleaning supplies. 20 Pald 1.610 cash for employee salaries 21 Collected $1,470 canh from customers bilied on March 14. 28 Ellied customers $3.860 forciealing eervices performed. 31 Owner withirow se30 cash froin the campany. Prepald Rent
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