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Prepare a trial balance for March 31st. Lars Linken opened Concord Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1

Prepare a trial balance for March 31st.

Lars Linken opened Concord Cleaners on March 1, 2022. During March, the following transactions were completed.

Mar. 1

Issued 11,000 shares of common stock for $16,500 cash.

1

Borrowed $6,600 cash by signing a 6-month, 6%, $6,600 note payable. Interest will be paid the first day of each subsequent month.

1

Purchased used truck for $8,800 cash.

2

Paid $1,800 cash to cover rent from March 1 through May 31.

3

Paid $2,700 cash on a 6-month insurance policy effective March 1.

6

Purchased cleaning supplies for $2,200 on account.

14

Billed customers $4,070 for cleaning services performed.

18

Paid $550 on amount owed on cleaning supplies.

20

Paid $1,930 cash for employee salaries.

21

Collected $1,760 cash from customers billed on March 14.

28

Billed customers $4,620 for cleaning services performed.

31

Paid $390 for gas and oil used in truck during month (use Maintenance and Repairs Expense).

31

Declared and paid a $990 cash dividend.

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