The transactions of Lightning Package Delivery Company for March 2012 follow:

Mar.

1

The company was organized and issued capital stock for $300,000 cash.

2

Paid $6,000 as the rent for March on a completely furnished building.

5

Paid cash for delivery trucks, $180,000.

6

Paid $4,000 as the rent for March on two forklift trucks.

9

Paid $2,200 for supplies received and used in March.

12

Performed delivery services for customers who promised to pay $27,000 at a later date.

20

Collected cash of $4,500 from customers on account (see March 12 entry).

21

Received a bill for $1,200 for advertising in the local newspaper in March.

27

Paid cash for gas and oil consumed in March, $450.

31

Paid $2,400 salaries to employees for March.

31

Received an order for services at $12,000. The services will be performed in April.

31

Paid cash dividend, $1,000.

Prepare the journal entries required to record these transactions in the general journal of the company.