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Prepare an adjusted trial balance SWIFTY CLEANERS Trial Balance Debit Credit Totals e Textbook and Media List of Accounts Save for Later Attempts: 0 of
Prepare an adjusted trial balance SWIFTY CLEANERS Trial Balance Debit Credit Totals e Textbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer Lars Linken spened Swifty Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. 1 Owner invested $17,700 cash in the company. 1 Borrowed $7,200 cash by signing a 6-month, 6%, 87,200 note payable. Interest will be paid the first day of each subsequent month. Purchased used truck for $9.400 cash. Paid S1,800 cash to cover rent from March 1 through May 31. 1 2 3 6 Paid $2,700 cash on a 6-month insurance policy effective March 1 Purchased cleaning supplies for $2,360 on account. Billed customers $4.370 for cleaning services performed. 14 18 20 21 Paid $590 on amount owed on cleaning supplies. Paid $2,070 cash for employee salaries Collected $1,890 cash from customers billed on March 14. Billed customers $4.960 for cleaning services performed Paid S410 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 28 31 31 Owner withdrew $1,060 cash from the company Cash 3/1 17.700 3/1 9,400 3/1 7,200 3/2 1,800 3/21 1.990 3/3 2,700 3/18 590 3/20 2,070 3/31 410 3/31 1,060 3/31 Bal. 2.760 Accounts Receivable 3/14 4,370 3/21 1.990 3/28 4,960 3/31 240 3/31 BAL 7.680 Supplies 3/6 2,360 3/31 450 Bel. > 450 Salaries and Wages Expense 3/20 2,070 3/31 1.270 Bel. 3.340 Rent Expense 3/31 600 Bel 600 Interest Expense 3/31 35 Bel. 35
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