Prepare a post-closing trial balance

Lars Linken opened Pronghorn Cleaners on March 1, 2025. During March, the following transactions were completed. Mar.1 Issued 9,800 shares of common stock for $14,700 cash. 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. 2 Paid $1,500 cash to cover rent from March 1 through May 31. 3 Paid $2,400 cash on a 6-month insurance policyeffective March 1. 6 Purchased cleaning supplies for $1,960 on account. 14 Billed customers $3,630 for cleaning services performed. 18 Paid $490 on amount owed on cleaning supplies. 20 Paid $1,720 cash for employee salaries. 21 Collected $1.570 cash from customers billed on March 14. 28 Billed customers $4,120 for cleaning services performed 31 Paid $340 for gas and oil used in truck during month (use Maintenance and Repsirs Expense). 31 Dectared and paid a $880 casth dividend. The chart of accounts for Pronghorn Cleaners contains the following accounts Cash, Accounts Receivable, Supplies, Prepaid Invurance. Prepald Rent, Equipment, Accumubted Depreciation-Equipment, Accounts Paybble, Salsiles and Wages Payable, Notes Journalize the following adjustments. (List all debit entries before credit entried. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount 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. Revenues Service Revenue Expenses Maintenance and Repairs Expense Supplies Expense Inwirance Expense Salaries and Wages Expense Rent LaDeme inserest Expenst Total Fopentes Net income / (Lass) Prepare a retained earnings statement for March. (List items that increase retained earnings first.) Supplies Notes Payable \begin{tabular}{l|lc} \hline & 3/1 & 6,000 \\ \hline & 3/31Bal. \end{tabular} Salaries and Wages Payable Retained Earnings Dividends 3/31 Income Summary \begin{tabular}{|l|l|l|l|} \hline 3/31 & 5,990 & 3/31 & \\ \hline 3/31 & 1,960 & & \\ \hline 3/31 BaL & & .950 \\ \hline \end{tabular} Service Revenue \begin{tabular}{|l|l|l|} \hline & 3/14 & 3,630 \\ \hline & 3/28 & 4,120 \\ \hline & & \\ \hline \end{tabular} Service Revenue \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & 3/14 & 3,630 \\ \hline \end{tabular} Depreciation Expense 3/313/31Bal.v250250 3/31v 250 Insurance Expense \begin{tabular}{ll|l} \hline 3/31 & 400 & \\ \hline 3/31 Bal. V & 400 & \\ \hline \end{tabular} 3/31v Salaries and Wages Expense \begin{tabular}{lr|l|} \hline 3/20 & 1,720 & \\ \hline 3/31 & 1.060 & \\ \hline 3/31 B.1. & & \\ \hline \end{tabular} Rent Expense 3/31 500 3/31Bal 500 3/31 Interest Expense 3/31 30 Prepare a post-closing trial balance at March 31. (Do not list those accounts that hove zero ending bolance) PRONGHORN CLEANERS Post-Closing Trial Balance March 31, 2025 $ 5