Question
Lars Linken openedCulverCleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 Owner invested $16,800cash in the company. 1Borrowed $6,600cash by
Lars Linken openedCulverCleaners on March 1, 2022. During March, the following transactions were completed.
Mar. 1 Owner invested $16,800cash in the company.
1Borrowed $6,600cash by signing a 6-month,6%, $6,600note payable. Interest will be paid the first day of each subsequent month.1Purchased used truck for $9,000cash.2Paid $1,800cash to cover rent from March 1 through May 31.3Paid $2,700cash on a 6-month insurance policy effective March 1.6Purchased cleaning supplies for $2,240on account.14Billed customers $4,140for cleaning services performed.18Paid $560on amount owed on cleaning supplies.20Paid $1,960cash for employee salaries.21Collected $1,790cash from customers billed on March 14.28Billed customers $4,700for cleaning services performed.31Paid $390for gas and oil used in truck during month (use Maintenance and Repairs Expense).31Owner withdrew $1,010cash from the company.
(a)
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