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

Mar. 1

Owner invested $ 11,700 cash in the company.

1

Borrowed $ 4,800 cash by signing a 6-month, 6%, $ 4,800 note payable. Interest will be paid the first day of each subsequent month.

1

Purchased used truck for $ 6,200 cash.

2

Paid $ 1,200 cash to cover rent from March 1 through May 31.

3

Paid $ 1,800 cash on a 6-month insurance policy effective March 1.

6

Purchased cleaning supplies for $ 1,560 on account.

14

Billed customers $ 2,890 for cleaning services performed.

18

Paid $ 390 on amount owed on cleaning supplies.

20

Paid $ 1,370 cash for employee salaries.

21

Collected $ 1,250 cash from customers billed on March 14.

28

Billed customers $ 3,280 for cleaning services performed.

31

Paid $ 270 for gas and oil used in truck during month (use Maintenance and Repairs Expense).

31

Owner withdrew $ 700 cash from the company.

Cash
3/1	11,700	3/1	6,200
3/1	4,800	3/2	1,200
3/21	1,250	3/3	1,800
		3/18	390
		3/20	1,370
		3/31	270
		3/31	700
3/31 Bal.	5,820

1.		Services performed but unbilled and uncollected at March 31 were $ 160.
2.		Depreciation on equipment for the month was $ 200.
3.		One-sixth of the insurance expired.
4.		An inventory count shows $ 220 of cleaning supplies on hand at March 31.
5.		Accrued but unpaid employee salaries were $ 840.
6.		One month of the prepaid rent has expired.
7.		One month of interest expense related to the note payable has accrued and will be paid April 1.

Revenues Service Revenue $ 11700 Expenses Rent Expense 1200 Insurance Expense 1800 Favorites (Ctrl+Shift+O) 1370 Salaries and Wages Expense Maintenance and Repairs Expense 270 i Interest Expense 46 Depreciation Expense Supplies Expense 1560 Total Expenses MI Net Income /(Loss) $ BRAMBLE CLEANERS Owner's Capital Statement March 31, 2022 Owner's Capital, March 1 $ 0 Add V: Owner's Capital, March 31 $ 11700 Favorites (Ctrl+Shift+O) Net Income /(Loss) Less vi Owner's Drawings 700 Owner's Capital, March 31 V $ e Textbook and Media List of Accounts BRAMBLECLEANERS Balance Sheet Assets $ Favorites (Ctrl+Shift+O) $ Liabilities and Owner's Equity $ Favorites (Ctrl+Shift+O) $ $