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

Mar. 1 Issued 11,000 shares of common stock for $16,500cash.

1 Borrowed $6,000 cash by signing a 6-month, 6%, $6,000 notepayable. Interest will be paid the first day of each subsequentmonth.

1 Purchased used truck for $8,700 cash.

2 Paid $1,500 cash to cover rent from March 1 through May31.

3 Paid $2,580 cash on a 6-month insurance policy effectiveMarch 1.

6 Purchased cleaning supplies for $1,900 on account.

14 Billed customers $3,400 for cleaning servicesperformed.

18 Paid $400 on amount owed on cleaning supplies.

20 Paid $1,780 cash for employee salaries.

21 Collected $1,800 cash from customers billed on March14.

28 Billed customers $3,900 for cleaning servicesperformed.

31 Paid $360 for gas and oil used in truck during month (useMaintenance and Repairs Expense).

31 Declared and paid a $900 cash dividend.

The chart of accounts for Whispering Winds Cleaners containsthe following accounts: Cash, Accounts Receivable, Supplies,Prepaid Insurance, Prepaid Rent, Equipment, AccumulatedDepreciation—Equipment, Accounts Payable, Salaries and WagesPayable, Notes Payable, Interest Payable, Common Stock, RetainedEarnings, Dividends, Income Summary, Service Revenue, Maintenanceand Repairs Expense, Supplies Expense, Depreciation Expense,Insurance Expense, Salaries and Wages Expense, Rent Expense, andInterest Expense.

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Journalize the March transactions. (Credit account titles areautomatically indented when the amount is entered. Do not indentmanually. Record journal entries in the order presented in theproblem. If no entry is required, select "No Entry" for the accounttitles and enter 0 for the amounts.)

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