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Question 1 of 1 < > 8.67/100 Current Attempt in Progress Lars Linken opened Monty Cleaners on March 1, 2020. During March, the following
Question 1 of 1 < > 8.67/100 Current Attempt in Progress Lars Linken opened Monty Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. Owner Invested $13,800 cash in the company. 1 1 Borrowed $5,400 cash by signing a 6-month, 6%, $5,400 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $7.400 cash. 2 Paid $1,500 cash to cover rent from March 1 through May 31. 3 Paid $2,100 cash on a 6-month insurance policy effective March 1. 6 Purchased cleaning supplies for $1.840 on account. 14 Billed customers $3,400 for cleaning services performed. 18 Paid $460 on amount owed on cleaning supplies. 20 Paid $1,610 cash for employee salaries. 21 Collected $1.470 cash from customers billed on March 14. M Jul: 1 Borrowed $5,400 cash by signing a 6-month, 6%, $5,400 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $7,400 cash. 2 Paid $1,500 cash to cover rent from March 1 through May 31. 3 Paid $2,100 cash on a 6-month insurance policy effective March 1. 6 Purchased cleaning supplies for $1,840 on account. 14 Billed customers $3,400 for cleaning services performed. 18 Paid $460 on amount owed on cleaning supplies. 20 22 20 21 28 28 31 31 Paid $1,610 cash for employee salaries. Collected $1,470 cash from customers billed on March 14. Billed customers $3,860 for cleaning services performed. Paid $320 for gas and oil used in truck during month (use Maintenance and Repairs Expense). Owner withdrew $830 cash from the company. Owner's Capital Owner's Drawings Service Revenue
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