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dars on March 20 Transactions for the month of March were as follows 1 Marth e d 10.000 shares of common stock for $15.000 cash 2 March 1Borrowed 56.000 cash by signing a month6. 56,000 note pale interest will be pad the first day of each substuent month March 1Purchased the for .000 ch March > Pald 1,500 rathth over from March 1 throu May March 200th on a month insurance policy efective March 1 6 March 6 Purchased cleaning supplies for $2.000 n o t 7 March 14 led customers 53.700 for cleaning services performed March 16 Paid $500 on amount owed on cleaning suples March 20 $1,750 cash for employee salaries 10 March 21 collected $1.500 cash from customers bied on March 14 11 March 28 customers 54 200 for cleaning services performed 13 March 31 Paid 5359 for and all used in truck during months Maintenance and Repairs 13 March 31 Declared and ada 5900 cash dividend The art of accounts for an aners contains the following accounts Accounts Receivable Supplies Prepaid insurance Prepaid Rent Equiment Acumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Notes Payable interest Payable Common Stock Retained Earnings Diy dends come Summary Service Revenge Maintenance Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Interesante INSTRUCTIONS lournalire the March transaction Post to the ledger accounts, T-accounts Prepare a trial balance at March 31. d. Joumalize the folowing adjustments 1 Services performed but unbilled and uncollected at March 31 was $200 2. Depreciation on ment for the month was $250 3. One Sixth of the insurance expired. 4 An inventory count shows $280 of cleaning soples on hand at March 31 5. Accrued butungaid employee salaries were $1.00 6. One month of the prepaid rent has expired. 7. One month oferestres related to the note payable has accrued and will be paid April 1. Hint: Use the formula from ustration 4 19 to compute interest Face Value of Note X Annual interest Rate x Time in terms of one year interest e. Post adusting entries to the accounts 1. Prepare an adused trial balance Prepare the income statement and retained aming statement for March and a classified balance sheet at March 31 Tournage and pasting entries and complete the doing reces Prepare a post-cosing trial balance at March 31