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! Sprint 3:40 PM Touch to resume FaceTime 05:13 Done 2 of 2 Cina lall poned Genie Cleaners on March I, 2012.During March,the following tranas completed Mar I Issued 10,000 shares of common stock for $15,000 cash 1 Purchased used truck for $8,000, paying $3,000 cash and the balance on account. 3 Purchased cleaning supplies for $1,500 on account. 5 Paid $2,400 cash on a 6-month insurance policy effective March I 14 Billed customers $3,700 for cleaning services. I8 Paid S1,500 cash on amount owed on truck and $500 on amount owed on cleaning supplies 20 Paid S1,750 cash for employee salaries. 21 Collected $1,600 cash from customers billed on March 14 28 Billed customers $4,200 for cleaning services. 31 Paid $350 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $900 cash dividend. Instructions: a. Journalize the March transactions. b. Post to the ledger accounts. (Use T accounts.) c. Journalize the following adjustments. I. Earned but unbilled revenue at March 31 was $200. 2. Depreciation on equipment for the month was $250. 3. One-sixth of the insurance expired. 4. An inventory count shows $280 of cleaning supplies on hand at March 31. 5. Accrued but unpaid employee salaries were $1,080. d. Post adjusting entries to the T accounts. e. Prepare a trial balance. f. Prepare the income statement and a retained earnings statement for March and a classified balance sheet at March 31 g. Jounalize closing entries

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