Lars Linken opened Flint Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 1 1
Posted: Wed Jul 06, 2022 6:09 am
company. Borrowed $6,600 cash by signing a 6-month, 6%, $6,600 note payable. Interest will be paid the first day of each subsequent month. Purchased used truck for $9,100 cash. Paid $1,800 cash to cover rent from March 1 through May 31. Paid $2,700 cash on a 6-month insurance policy effective March 1. Purchased cleaning supplies for $2,280 on account. Billed customers $4,220 for cleaning services performed. Paid $570 on amount owed on cleaning supplies. Paid $2,000 cash for employee salaries. Collected $1,820 cash from customers billed on March 14. Billed customers $4,790 for cleaning services performed. Paid $400 for gas and oil used in truck during month (use Maintenance and Repairs Expense). Owner withdrew $1,030 cash from the company.
Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) 3/1 3/2 3/3 3/6 3/14 3/15 3/20 3/21 3/28 3/31 3/31 Bal Cash Accounts Receivable
> > Accounts Receivable Supplies Prepaid Rent
Prepaid Insurance Equipment Notes Payable Accounts Payable
Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense
Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense
MOUNTAIN EQUIPMENT REPAIR LIMITED Trial Balance November 30, 2018 Prepare an income statement for November 30, 2018. Debit MOUNTAIN EQUIPMENT REPAIR LIMITED Income Statement Month Ended November 30, 2018 Credit
Prepare a statement of changes in equity for November 30, 2018. MOUNTAIN EQUIPMENT REPAIR LIMITED Statement of Changes in Equity Month Ended November 30, 2018 Common Shares Retained Earnings Total Equity Prepare a classified statement of financial position at November 30, 2018. (st Current assets in order of quity) MOUNTAIN EQUIPMENT REPAIR LIMITED Statement of Financial Position November 30, 2018 Assets # Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity #
Lars Linken opened Flint Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 1 1 2 3 6 14 18 20 21 220 28 31 31 Owner invested $17,100 cash in the Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) 3/1 3/2 3/3 3/6 3/14 3/15 3/20 3/21 3/28 3/31 3/31 Bal Cash Accounts Receivable
> > Accounts Receivable Supplies Prepaid Rent
Prepaid Insurance Equipment Notes Payable Accounts Payable
Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense
Service Revenue Maintenance and Repairs Expense Salaries and Wages Expense
MOUNTAIN EQUIPMENT REPAIR LIMITED Trial Balance November 30, 2018 Prepare an income statement for November 30, 2018. Debit MOUNTAIN EQUIPMENT REPAIR LIMITED Income Statement Month Ended November 30, 2018 Credit
Prepare a statement of changes in equity for November 30, 2018. MOUNTAIN EQUIPMENT REPAIR LIMITED Statement of Changes in Equity Month Ended November 30, 2018 Common Shares Retained Earnings Total Equity Prepare a classified statement of financial position at November 30, 2018. (st Current assets in order of quity) MOUNTAIN EQUIPMENT REPAIR LIMITED Statement of Financial Position November 30, 2018 Assets # Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity #