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please help Lars Linken opened Pronghorn Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. Issued 9,800 shares of common stock
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Lars Linken opened Pronghorn Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. Issued 9,800 shares of common stock for $14,700 cash. 1 1 Borrowed $6,000 cash by signing a 6-month, 6%, $6,000 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $7,800 cash. Paid $1,500 cash to cover rent from March 1 through May 31. Paid $2,400 cash on a 6-month insurance policy effective March 1. Purchased cleaning supplies for $1,960 on account. Billed customers $3,630 for cleaning services performed. Paid $490 on amount owed on cleaning supplies. Paid $1,720 cash for employee salaries. Collected $1.570 cash from customers billed on March 14. Billed customers $4,120 for cleaning services performed. Paid $340 for gas and oil used in truck during month (use Maintenance and Repairs Expense). Declared and paid a $880 cash dividend. 2 3 6 14 18 20 21 28 31 31 Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. Services performed but unbilled and uncollected at March 31 was $200. 2 Depreciation on equipment for the month was $250. 3. One-sixth of the insurance expired. 4. An inventory count shows $270 of cleaning supplies on hand at March 31. 5. Accrued but unpaid employee salaries were $1.060. 6. One month of the prepaid rent has expired. 7. One month of interest expense related to the note payable has accrued and will be paid April 1. 2 Sr. Date Account Titles and Explanation Debit 1. 2. Credit
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