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Geog Lav opened Geog Cleaners on March 1, 2014. During March, the following transactions were...

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Accounting

Geog Lav opened Geog Cleaners on March 1, 2014. During March, the following transactions were completed. March1 Issued 10,000 shares of common stock for $15,000 cash. March 1 Purchased used truck for $8,000, paying $3,000 cash and the balance on account. March 3 Purchased cleaning supplies for $2,000 on account. March 5 Paid $2,400 cash on a 6-month insurance policy effective March 1. March14 Billed customers $3,700 for cleaning services. March 18 Paid $1,500 cash on amount owed on truck and $500 on amount owed on cleaning supplies. March 20 Paid $1,750 cash for employee salaries. March 21 Collected $1,600 cash from customers billed on March 14. March 28 Billed customers $4,200 for cleaning services. March 31 Paid $350 for gas and oil used in truck during month (use Maintenance and Repairs Expense). March 31 Declared and paid a $900 cash dividend. Required: Use FSET to record the transactions.


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