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Please do adjustments. Mar. 1Stockholders invested $10,000 cash in the business in exchange for common stock. 1 Purchased used truck for $6,000, paying $3,000 cash
Please do adjustments.
Mar. 1Stockholders invested $10,000 cash in the business in exchange for common stock. 1 Purchased used truck for $6,000, paying $3,000 cash and the balance on account. 3 Purchased cleaning supplies for $1,200 on account. (Hint: An Asset NOT an expense since the supplies have NOT yet been "used-up) 5 Paid $1,200 cash on a 1-year insurance policy effective March 1. (Hint: as above) 14 Billed customers $4,800 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $500 on amount owed on cleaning supplies 20 Paid $1,800 cash for employee salaries. 21 Collected $1,400 cash from customers billed on March 14 28 Billed customers S4500 for cleaning services. 31 Paid $500 for the monthly gasoline bill for the truck 31 paid a $700 cash dividend
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