Bearcat Construction begins operations in March and has the following transactions.
Marchâ€‚1 Receive cash from customers for services provided, $21,300.
Marchâ€‚5 Issue common stock for cash, $11,000.
March 10 Receive cash from customers who were previously billed $14,600.
March 15 Pay salaries for the current month of $3,800.
March 22 Pay rent for one year in advance, $15,700.
March 27 Pay dividends to stockholders, $9,000.
March 28 Purchase office supplies with cash, $3,800.
Record each transaction. Bearcat uses the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Rent, Common Stock, Service Revenue, and Salaries Expense.