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Question 1 Lankan opened Novak Cleaners on March 1, 2022. During March, the following transactions were completed Mar. 1 Issued 9.400 shares of common stock

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Question 1 Lankan opened Novak Cleaners on March 1, 2022. During March, the following transactions were completed Mar. 1 Issued 9.400 shares of common stock for $14,100 cash 1 Borrowed $5,400 cash by signing a 6-month, 0%, 15.400 mete parable. Interest will be paid the first day of each mont month. 1 Purchasedused truck for 17.500 cash Puld 51.500 cash to cover rent from March through May 3. 3 Pold 12.400 cash on a 6 monthnuance policy effective March 1: Purchased deaning supplies for $1,110 on account 14 billed customers 3.40 for deaning service performed 18 Pald 470 n amount owed on deaning supplies 20 Pald $1,650 cash for employee salaries 2 Collected $1.500 anth from customers billed on March 14 28 Miled customers 33,950 for deaning services performed 31 Pald for gas and oil med intruck during month (use Maintenance and repairs pense) 31 Dedared and paid a 80 cash dividend, The chart of accounts for Novak Cleaners contains the following account Cath, Accounts Receivable Supplies, Prepaid tunc Prepaid unt, quipment Accumulated Depreciation Equipment Accounts Payable, Salaries and Wages Para Notes Intervale, Commenttined is. Die Income Summary Service Revenue Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense Insurance Expense, Sales and Wages Expensent per a respons Dobil 12,600 Common Stock 12,600 Cash 4,800 Notes Payable 1,800 Mar. 1 Equipment 6,700 cash 6,700 Mar. 2 Prepaid Rent 1,200 Cash 1,200 Mar. Prepaid Insurance 2,100 Cash 2,100 CALCULATOR 1,200 Prepaid Insurance 2,100 Cash 2,100 Mar. Supplies 1,680 X Accounts Payable 1,680 Mar. 14 Accounts Receivable 3,110 Service Revenue 3,110 Mar. 18 Accounts Payable 420 420 Mar. 20 Salaries and Wages Expense 1.470 Cash 1.470

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