please fill out wrong answers (red) - prepare the income statement for march
Mar. Issued 7,400 shares of common stock for $11,100 cash. 1 1 Borrowed $4,200 cash by signing a 6 -month, 6%,$4,200 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $5,900 cash. 2 Paid $1,200 cash to cover rent from March 1 through May 31. 3. Paid $1,800 cash on a 6 -month insurance policy effective March 1. 6 Purchased cleaning supplies for $1,480 on account. 14 Billed customers $2,740 for cleaning services performed. 18 Paid $370 on amount owed on cleaning supplies. 20 Paid $1,300 cash for employee salaries: 21 Collected \$1.180 cash from customers billed on March 14. 28 Billed customers $3,110 for cleaning services performed. 31 Paid $260 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $670 cash dividend. AYAYAI CLEANERS Income Statement For the Month Ended March 31, 2022 Revenues: Service Revenue $8100 Expenses Salaries and Wages Expense \( \$ \longdiv { 2 8 3 0 } \) Maintenance and Repairs Expense \begin{tabular}{|r|} \hline 2007 \\ \hline \\ \hline 250 \\ \hline \end{tabular} Depreciation Expense \begin{tabular}{|r|} \hline \\ \hline \\ \hline \\ \hline 500 \\ \hline 30 \\ \hline \\ \hline \\ \hline \end{tabular} supplies Rent Eipense Interest forpense Totol Expenses 6000 Mar. Issued 7,400 shares of common stock for $11,100 cash. 1 1 Borrowed $4,200 cash by signing a 6 -month, 6%,$4,200 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $5,900 cash. 2 Paid $1,200 cash to cover rent from March 1 through May 31. 3. Paid $1,800 cash on a 6 -month insurance policy effective March 1. 6 Purchased cleaning supplies for $1,480 on account. 14 Billed customers $2,740 for cleaning services performed. 18 Paid $370 on amount owed on cleaning supplies. 20 Paid $1,300 cash for employee salaries: 21 Collected \$1.180 cash from customers billed on March 14. 28 Billed customers $3,110 for cleaning services performed. 31 Paid $260 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $670 cash dividend. AYAYAI CLEANERS Income Statement For the Month Ended March 31, 2022 Revenues: Service Revenue $8100 Expenses Salaries and Wages Expense \( \$ \longdiv { 2 8 3 0 } \) Maintenance and Repairs Expense \begin{tabular}{|r|} \hline 2007 \\ \hline \\ \hline 250 \\ \hline \end{tabular} Depreciation Expense \begin{tabular}{|r|} \hline \\ \hline \\ \hline \\ \hline 500 \\ \hline 30 \\ \hline \\ \hline \\ \hline \end{tabular} supplies Rent Eipense Interest forpense Totol Expenses 6000