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Mar, Issued 11,600 shares of commonstock for $17,400 cash. 1 Borrowed $7,200 cash by signing a 6 -month, 6%,$7,200 note payable. Interest will be paid

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Mar, Issued 11,600 shares of commonstock for $17,400 cash. 1 Borrowed $7,200 cash by signing a 6 -month, 6%,$7,200 note payable. Interest will be paid the first day of each 1 subsequent month. Purchased used truck for $9,300 cash. 1 Paid $1,800 cash to cover rent from March 1 through May 31 . 3 Puid $2,700 cash on a 6 -month insurance policy effective March 1 . 6 Billed customers $4,290 for cleaning services performed. 14 Paid $580 on amount owed on cleaning supplies. 20 Paid $2,030 cash for emplovee salaries. Mar. 1 Issued 11,600 shares of common stock for $17,400 cash. 1 Borrowed $7,200 cash by signing a 6 -month, 6%,$7,200 note payable. Interest will be paid the first day of each subsequent month. Purchased used truck for $9,300 cash. 2. Paid $1,800 cash to cover rent from March 1 through May 31. 3 Paid $2,700 cash on a 6 -month insurance policy effective March 1 . 6 Purchased cleaning supplies for $2,320 on account. 14 Billed customers $4,290 for cleaning services performed. 18 Paid $580 on amount owed on cleaning supplies. 20 Paid $2.030cash for emplovee salaries. 21 Collected $1,860 cash from customers billed on March 14, 28 Billed customers $4,870 for cleaning services pertormed. 31 Paid $410 for gas and oll used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $1,040 cash dividend The chart of accounts for Indigo Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Notes Payable. Interest Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Rent Expense, and interest Expense. Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash 3/1 3/21 3/1 3/2 3/3 3/18 3/20 3/31 930 1800 410 Accounts Receivable 3/31Bal 7300 3/21 1040 3/28 Supplies 3/6 2320 Prepaid Rent 3/2 Prepaid Insurance 3/3 Equipment 3/1 2320 Notes Payable Accounts Payable 3/18 3/6 2320 3/31 Bal. Common Stock 3/1 11600 Dividends 3/31 1040 Service Revenue 3/14 4290 3/28 4870 3/31Bal. 9160 Maintenance and Repairs Expense 3/31 410 Maintenance and Repairs Expense 3/31 Salaries and Wages Expense 3/20

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