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Mar. 1 1 1 2 3 6 14 18 20 Issued 10,000 shares of common stock for $15,000 cash. Borrowed $6,200 cash by signing a 6-month, 6%, 56,200 note payable. Interest will be paid the first day of each subsequent month. Purchased used truck for $7.700 cash. Paid $1,320 cash to cover rent from March 1 through May 31. Paid $2,220 cash on a 6-month insurance policy effective March 1. Purchased cleaning supplies for $1.800 on account Billed customers $3,600 for cleaning services performed. Paid $500 on amount owed on cleaning supplies. Paid $1.910 cash for employee salaries. Collected $1,500 cash from customers billed on March 14. Billed customers $4,100 for cleaning services performed Paid $360 for gas and oil used in truck during month (use Maintenance and Repairs Expense). Declared and paid a $800 cash dividend. 21 28 31 31 The chart of accounts for Novak Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies Prepaid Insurance, Prepaid Rent Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Common Stock, Retained Earnings. Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense Insurance Expense, Salaries and Wages Expense, Rent Expense, and interest Expense. Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash V Accounts Receivable Accounts Receivable Supplies Prepaid Rent > Prepaid Insurance Equipment Equipment Notes Payable Accounts Payable Common Stock Dividends Dividends >

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