Lars Linken opened Pronghorn Cleaners on March 1, 2022. During March, the following transactions were completed....
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Lars Linken opened Pronghorn Cleaners on March 1, 2022. During March, the following transactions were completed. Mar Issued 9,800 shares of common stock for $14,700 cash. 1 1 1 Borrowed $6,000 cash by signing a 6-month, 6%, $6,000 note payable. Interest will be paid the first day of each subsequent month. Purchased used truck for $7,800 cash. 2 Paid $1,500 cash to cover rent from March 1 through May 31. 3 Paid $2,400 cash on a 6-month insurance policy effective March 1. 6 14 14 18 20 21 Purchased cleaning supplies for $1,960 on account. Billed customers $3,630 for cleaning services performed. Paid $490 on amount owed on cleaning supplies. Paid $1.720 cash for employee salaries. Collected $1,570 cash from customers billed on March 14, 28 Billed customers $4.120 for cleaning services performed. 31 31 Paid $340 for gas and oil used in truck during month (use Maintenance and Repairs Expense). Declared and paid a $880 cash dividend. Lars Linken opened Pronghorn Cleaners on March 1, 2022. During March, the following transactions were completed. Mar Issued 9,800 shares of common stock for $14,700 cash. 1 1 1 Borrowed $6,000 cash by signing a 6-month, 6%, $6,000 note payable. Interest will be paid the first day of each subsequent month. Purchased used truck for $7,800 cash. 2 Paid $1,500 cash to cover rent from March 1 through May 31. 3 Paid $2,400 cash on a 6-month insurance policy effective March 1. 6 14 14 18 20 21 Purchased cleaning supplies for $1,960 on account. Billed customers $3,630 for cleaning services performed. Paid $490 on amount owed on cleaning supplies. Paid $1.720 cash for employee salaries. Collected $1,570 cash from customers billed on March 14, 28 Billed customers $4.120 for cleaning services performed. 31 31 Paid $340 for gas and oil used in truck during month (use Maintenance and Repairs Expense). Declared and paid a $880 cash dividend.
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