Case 1 - Ch. 1 - 3 Review W Question # 1: Greenclean Carpet Cleaners lnc. opened on March 1. 2021. During Mar. 1 1 0'1me 14 18 20 21 28 31 31 March. the following transactions were completed: The owner invested $10,000 cash into the business through the purchase at common shares. Purchased a used truck for $24,000. by paying $6.000 cash. and signing a three-year 8% note payable for the balance- Interest is due the rst of each month. The truck had been appraised at a value of 526.000. it has an estimated useful life of 5 years: at which time it is expected to be worthless. Hired 2 employees to be paid $750 each per biweekly pay period. Paid rent for the month. $1.500. Purchased cleaning supplies for $1.200 on account. Paid $1.800 cash on one-year insurance policy effective March 1. Performed cleaning services on account for $4,800. Paid $500 on account owed on cleaning supplies from Mar. 3 transaction. Paid $1.500 cash for employee salaries. Collected $2.600 cash from customers billed on March 14. Received $3,500 from customers for cleaning services to be provided in April. Paid $350 for the truck's gas and oil used during the month. Paid a cash dividend to the owner for personal expenses of $900. Required: (leave a space between )oumal entries. Explanations are not required). (a) Post the T-Accounts for the March transactions given above. (b) Post the T-Accounts tor the folowhg adjustments (closlng entries): 1. Earned but unbilled revenue at Mar. at of $600 2. Depreciation on the truck. 3. Accrued interest on the note payable. 4. Expired insurance