Lars Linken opened Novak Cleaners on March During March, the following transactions were completed.
Mar. Owner invested $ cash in the company.
Borrowed $ cash by signing a month, $ note payable. Interest will be paid the first day of each
subsequent month.
Purchased used truck for $ cash.
Paid $ cash to cover rent from March through May
Paid $ cash on a month insurance policy effective March
Purchased cleaning supplies for $ on account.
Billed customers $ for cleaning services performed.
Paid $ on amount owed on cleaning supplies.
Paid $ cash for employee salaries.
Collected $ cash from customers billed on March
Billed customers $ for cleaning services performed.
Paid $ for gas and oil used in truck during month use Maintenance and Repairs Expense
Owner withdrew $ cash from the company.
