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Lars Linken opened Monty Cleaners on March 1,2020. During March, the following transactions were completed. Mar. 1 Owner invested $13,800 cash in the company. 1

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Lars Linken opened Monty Cleaners on March 1,2020. During March, the following transactions were completed. Mar. 1 Owner invested $13,800 cash in the company. 1 Borrowed $5,400 cash by signing a 6 month, 6%,$5,400 note payable. Interest will be paid the fitst 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. Pald \$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 5460 on amount cwed on cleaning supplies. 20 Paid $1,610 cash tor employee salaries 21 Collected $1,470 cash from customers billed on March 14 28 Billedcustomers $3,860 forcleaning services performed 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 Owner withdrew $830 cash from the company

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