Part D (Journalize following adjustments)

Background Info:

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

march 1: issued 11,600 shares of common stock for $17,400 cash.

march 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.

march 1: Purchased used truck for $9,300 cash.

march 2 : Paid $1,800 cash to cover rent from March 1 through May 31

march 3 : Paid $2,700 cash on a 6-month insurance policy effective March 1.

march 6 : Purchased cleaning supplies for $2,320 on account.

march 14: Billed customers $4,290 for cleaning services performed.

march 18: Paid $580 on amount owed on cleaning supplies

march 20: Paid $2,030 cash for employee salaries.

march 21: Collected $1,860 cash from customers billed on March 14.

march 28: Billed customers $4,870 for cleaning services performed.

march 31: Paid $410 for gas and oil used in truck during month (use Maintenance and Repairs Expense).

march 31: Declared and paid a $1,040 cash dividend.

The chart of accounts for Indigo Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumulated Depreciation- Equipment, Accounts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Rent Expense, and Interest Expense.

Part D:

Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent

manually: If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

1. Services performed but unbilled and uncollected at March 31 was $230.

2. Depreciation on equipment for the month was $290.

3. One-sixth of the insurance expired

4, An inventory count shows $320 of cleaning supplies on hand at March 31.

5. Accrued but unpaid employee salaries were $1,250.

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.

Lars Linken opened Indigo Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 Issued 11,600 shares of common stock for $17,400 cash. 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 $9,300 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 $2,320 on account. 14 Billed customers $4,290 for cleaning services performed. 18 Paid $580 on amount owed on cleaning supplies. 20 Paid $2,030 cash for employee salaries. 21 Collected $1,860 cash from customers billed on March 14. 28 Billed customers $4,870 for cleaning services performed. 31 Paid $410 for gas and oll used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $1,040 cash dividend. The chart of accounts for Indigo Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Rent Expense, and Interest Expense. Journalize the following adjustinents. (Creffit occount titles are outomatically indented when the amount lis entered, Do not indent manuolly. If no entry is mululred, select "No Entry' for the occount tities and enter ofor the amounts.) 1. Services performed but unbilled and uncollected at March 31 was $230. 2. Depreclation on equipment for the monthwas $290. 3. One-sixth of the insurance expired. 4. An imventory count shows $320 of cleaning supplies on hand at March 31 5. Accrued but unpaid employee salaries were $1,250. 6. One month of the prepaid rent has expired. 7. One month of interest ecpense related to the note payable has accrued and will be paid April 1