manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. Services performed but unbilled and uncollected at March 31 was $240. 2. Depreciation on equipment for the month was $300. 3. One-sixth of the insurance expired. 4. An inventory count shows $330 of cleaning supplies on hand at March 31. 5. Accrued but unpaid employee salaries were $1,270. 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. Date Account Titles and Explanation Mar. Accounts Receivable 31 Mar. 31 Service Revenue Depreciation Expense Equipment Debit 4180 300 Mar. Insurance Expens 450 31 Prepaid Insurance Mar. Supplies Expense 31 Supplies Mar. Salaries and Wages Expense 31 Salaries and Wages Payable Mar. Rent Expense 31 Prepaid Rent Mar Interest Expense 31 Interest Payable 330 1270 600 1200 Credit 4180 300 450 330 1270 600 1200 Lars Linken opened Swifty Cleaners on March 1, 2020. During March, the following transactions were completed. Mar. Owner invested $17,700 cash in the company. 1 Borrowed $7,200 cash by signing a 6-month, 6%, $7,200 note payable. Interest will be paid the first day of each subsequent month. 1 Purchased used truck for $9,400 cash. 2 Paid $1,800 cash to cover rent from March 1 through May 31. 3 Paid $2,700 cash on a 6-month insurance policy effective March 1. 6 Purchased cleaning supplies for $2,360 on account. 14 Billed customers $4,370 for cleaning services performed. 22 18 Paid $590 on amount owed on cleaning supplies. 20 21 28 31 Paid $2,070 cash for employee salaries. Collected $1,890 cash from customers billed on March 14. Billed customers $4,960 for cleaning services performed. Paid $410 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Owner withdrew $1,060 cash from the company. Post adjusting entries to the T-accounts. Cash 3/1 17,700 3/1 9,400 3/1 7,200 3/2 1,800 3/21 1,990 3/3 2,700 3/18 590 3/201 2,070 3/31 410 3/31 1,060 3/31 Bal. 8,760 Accounts Receivable 3/14 4,370 3/21 3/28 4,960 3/6 Supplies 2,360 3/2 Prepaid Rent 1,800 3/3 Prepaid Insurance 2,700 Equipment 3/1 9,400 3/31 Bal. 9,400 3/18 Accumulated Depreciation-Equipment Notes Payable 3/1 7,200 3/31 Bal 7,200 Accounts Payable 590 3/6 2,360 3/31 Bal 1,770 1,990 Salaries and Wages Payable Interest Payable Owner's Capital 3/1 3/31 Bal 3/31 Owner's Drawings 1,060 3/31 Service Revenue 17,700 17,700 3/14 4,370 3/28 4,960 Maintenance and Repairs Expense 410 Supplies Expense Depreciation Expense 3/20 Insurance Expense Salaries and Wages Expense 2,070 Rent Expense Interest Expense