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Question 1 Lars Unken opened Novak Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 Issued 9,400 shares of common

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Question 1 Lars Unken 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, 6%, $5,000 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $7,500 cash. 2 Paid $1,500 cash to cover rent from March 1 through May 31. 3. Paid $2,000 cash on a 6 month insurance policy effective March 1. 6 Purchased deaning supplies for $1,880 on account. 14 Billed customers $3,480 for cleaning services performed. 18 Paid $470 on amount owed on deaning supplies. 20 Paid $1,650 cash for employee salaries. 21 Collected $1,500 cash from customers billed on March 14. 28 Billed customers $3,950 for cleaning services performed. 31 Paid $330 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $850 cash dividend. The chart of accounts for Novak Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent Equip Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Common Stock, Retained Earnings, Dividend Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Rent Expense, Prepare a trial balance at March 31. NOVAK CLEANERS Trial Balance Debit Credit y Policy 1 2000-2021 John Wil

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