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Prepare an Adjusted Trail Balance Lars Linken opened Swifty Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. Owner invested
Prepare an Adjusted Trail Balance Lars Linken opened Swifty Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. Owner invested $17,700 cash in the company. 1 Borrowed $7,200 cash by signing a 6-month, 6%, $7,200 note payable. Interest will be paid the first day of cach subsequent month. 1 Purchased used truck for $9,400 cash. Paid $1,800 cash to cover rent from March 1 through May 31. Paid $2,700 cash on a 6-month insurance policy effective March 1. Purchased cleaning supplies for $2,360 on account. 14 Billed customers S4,370 for cleaning services performed. 18 Paid $590 on amount owed on cleaning supplies. 20 Paid $2,070 cash for emplayee salaries. 21 Collected $1,890 cash from customers billed on March 14. 28 Billed customers S4,960 for cleaning services performed. 31 Paid $410 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Owner withdrew $1,060 cash from the company.
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