Reference no: EM13510068
Mar. 1 Invested $10,531 cash in the business.
1 Purchased used truck for $5,670, paying $2,835 cash and the balance on account.
3 Purchased cleaning supplies for $1,187 on account.
5 Paid $1,692cash on one-year insurance policy effective March 1.
14 Billed customers $4,938 for cleaning services.
18 Paid $1,172 cash on amount owed on truck and $536on amount owed on cleaning supplies.
20 Paid $1,799 cash for employee salaries.
21 Collected $1,983 cash from customers billed on March 14.
28 Billed customers $2,536 for cleaning services.
31 Paid gasoline for month on truck $355.
31 Withdrew $707 cash for personal use.
Journalize the March transactions.(Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
| Date |
Account Titles and Explanation |
Debit |
Credit |
 Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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Post the March transactions.(Post entries in the order of journal entries posted above.)
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No. 101 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Accounts Receivable |
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No. 112 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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| Supplies |
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No. 128 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Prepaid Insurance |
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No. 130 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Equipment |
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No. 157 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Accounts Payable |
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No. 201 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Owner's Capital |
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No. 301 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Owner's Drawings |
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No. 306 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Service Revenue |
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No. 400 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Gasoline Expense |
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No. 633 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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| Salaries and Wages Expense |
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No. 726 |
| Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
| Mar. 1Mar. 3Mar. 5Mar. 14Mar. 18Mar. 20Mar. 21Mar. 28Mar. 31 |
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J1 |
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