Homework Help Question & Answers

Prepare a trial balance for March 31st. Lars Linken opened Concord Cleaners on March 1, 2022....

Prepare a trial balance for March 31st.

Lars Linken opened Concord Cleaners on March 1, 2022. During March, the following transactions were completed.

Mar. 1

Issued 11,000 shares of common stock for $16,500 cash.

1

Borrowed $6,600 cash by signing a 6-month, 6%, $6,600 note payable. Interest will be paid the first day of each subsequent month.

1

Purchased used truck for $8,800 cash.

2

Paid $1,800 cash to cover rent from March 1 through May 31.

3

Paid $2,700 cash on a 6-month insurance policy effective March 1.

6

Purchased cleaning supplies for $2,200 on account.

14

Billed customers $4,070 for cleaning services performed.

18

Paid $550 on amount owed on cleaning supplies.

20

Paid $1,930 cash for employee salaries.

21

Collected $1,760 cash from customers billed on March 14.

28

Billed customers $4,620 for cleaning services performed.

31

Paid $390 for gas and oil used in truck during month (use Maintenance and Repairs Expense).

31

Declared and paid a $990 cash dividend.
0 0
Next > < Previous
Answer

This Homework Help Question: "Prepare a trial balance for March 31st. Lars Linken opened Concord Cleaners on March 1, 2022...." No answers yet.

Be the First!

Request Answer

Request answer!

We need 10 more requests to produce the answer to this homework help question. Share with your friends to get the answer faster!

0 /10 have requested the answer to this homework help question.

Request! (Login Required) Share with friends


Once 10 people have made a request, the answer to this question will be available in 1-2 days.
All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer of:
Prepare a trial balance for March 31st. Lars Linken opened Concord Cleaners on March 1, 2022....
Your Answer: Your Name: What's your source?
Similar Homework Help Questions
  • Lars Linken opened Concord Cleaners on March 1, 2022. During March, the following transactions were completed....

    Lars Linken opened Concord Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 Issued 11,000 shares of common stock for $16,500 cash. 1 Borrowed $6,600 cash by signing a 6-month, 6%, $6,600 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $8,800 cash. 2 Paid $1,800 cash to cover rent from March 1 through May 31. 3 Paid $2,700 cash on a 6-month insurance policy effective...

  • OURCES Accounting Cycle Review 4-02 a-i (Part Level Submission) Lars Linken opened Bramble Cleaners on March...

    OURCES Accounting Cycle Review 4-02 a-i (Part Level Submission) Lars Linken opened Bramble Cleaners on March 1, 2020. During March, the following transactions were completed. (Part Study Owner invested $11,700 cash in the company. Borrowed $4,800 cash by signing a 6-month, 6%, $4,800 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $6,200 cash. 2 Paid $1,200 cash to cover rent from March 1 through May 31. 3 Paid $1,800 cash...

  • Mike Young opened Young's Carpet Cleaners on March 1. During March, the following transactions were completed....

    Mike Young opened Young's Carpet Cleaners on March 1. During March, the following transactions were completed. Mar. 1 14 18 Invested $18,000 cash in the business. Purchased used truck for $7,000, paying $3,000 cash and the balance on account. Purchased cleaning supplies for $1,300 on account. Paid S1,600 cash on one-year insurance policy effective March 1. Billed customers $2,800 for cleaning services. Paid S1,600 cash on amount owed on truck and S500 on amount owed on cleaning supplies. Paid $400...

  • Selected transactions for Dowis Dry Cleaners, Inc. are listed below. The company opened for business on...

    Selected transactions for Dowis Dry Cleaners, Inc. are listed below. The company opened for business on March 1, 2019. Prepare the necessary journal entries in good form. The company also prepares adjusting entries on a monthly basis. Identify each transaction BY DATE. You may omit explanations. 3/1 Issued 10,000 shares of common stock for $18,000 cash. 3/1 Purchased a used truck for $10,000, paying $5,000 cash and the remaining balance on account. 3/1 Paid $3,600 on a 6-month insurance policy,...

  • GP Pro Inc. opened ProCleaners on March 1.2022. During March the following transactions were completed Mar...

    GP Pro Inc. opened ProCleaners on March 1.2022. During March the following transactions were completed Mar 1 Issued 10,000 shares of common stock for $15,000 cash 1 Borrowed $6.000 cash by signing a 6-month. 6% 56,000 note payable Interest will be paid the first day of each subsequent month 1 Purchased used truck for $8,000 cash 2 Paid $1,500 cash to cover rent from March 1 through May 31 3 Pald $2,400 cash on a 6-month insurance policy effective March...

  • Having trouble with my adjusting entries in worksheet.

    Laura Eddy Opened Eddy's Carpet cleaners on March 1, the following transactions were completed.Mar 1 Invested$ 10,353 cash in the business1 Purchased used truck for $5960, paying $2980 in cash and the balance on account.3 Purchased cleaning supplies for $1,187 on account.5 Paid $1,704 cash on one-year insurance policy effective March 1.14 Billed customers $4,883 for cleaning services.18 Paid $1,454 cash on amount owed on truck and $461 on amount owed on cleaning supplies.20 Paid $1,928 cash for employee salaries.21...

  • Mike Greenberg opened Bramble Window Washing Inc. on July 1, 2022. During July, the following transactions...

    Mike Greenberg opened Bramble Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 9,400 shares of common stock for $9,400 cash. 1 Purchased used truck for $6,240, paying $1,560 cash and the balance on account. 3 Purchased cleaning supplies for $700 on account. 5 Paid $1,440 cash on a 1-year insurance policy effective July 1. 12 Billed customers $2,890 for cleaning services performed. 18 Paid $780 cash on amount owed on truck...

  • Mike Greenberg opened Ayayai Window Washing Inc. on July 1, 2022. During July, the following transactions...

    Mike Greenberg opened Ayayai Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 8,900 shares of common stock for $8,900 cash. 1 Purchased used truck for $5,920, paying $1,480 cash and the balance on account. 3 Purchased cleaning supplies for $670 on account. 5 Paid $1,320 cash on a 1-year insurance policy effective July 1. 12 Billed customers $2,740 for cleaning services performed. 18 Paid $740 cash on amount owed on truck...

  • just from v. to x son March 1, 2022. During March, the following transactions were completed. GP Pro Inc. ope...

    just from v. to x son March 1, 2022. During March, the following transactions were completed. GP Pro Inc. opened Prochners on 10.000 shares of common stock for $15.000 rach ed $6,000 cash by signing a 6-month, 6%, 56,000 note payable. Interest will be paid the first day of each subsequent month 1 Purchased used truck for $8,000 cash 2 Paid $1,500 cash to cover rent from March 1 through May 31 3 Paid $2,400 cash on a 6-month insurance...

  • Mike Greenberg opened Bramble Window Washing Inc. on July 1, 2022. During July, the following transactions...

    Mike Greenberg opened Bramble Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 9,400 shares of common stock for $9,400 cash. 1 Purchased used truck for $6,240, paying $1,560 cash and the balance on account. 3 Purchased cleaning supplies for $700 on account. 5 Paid $1,440 cash on a 1-year insurance policy effective July 1. 12 Billed customers $2,890 for cleaning services performed. 18 Paid $780 cash on amount owed on truck...

Free Homework App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
Share Your Knowledge

Post an Article
Post an Answer
Post a Question with Answer

Self-promotion: Authors have the chance of a link back to their own personal blogs or social media profile pages.