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Restart your subscription to keep accessing solutions. Your Chegg Study subscription will expire on July 26, 2018. CONTINUE MY SUBSCRIPTION home / study / business / accounting / accounting questions and answers / geog lav opened geog cleaners on march 1, 2014. during march, the following transactions were ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: Geog Lav opened Geog Cleaners on March 1, 2014. During March, the following transactions were com... Geog Lav opened Geog Cleaners on March 1, 2014. During March, the following transactions were completed. Mar 1 Issued 10,000 shares of common stock for $15,000 cash. 1 Purchased used truck for $8,000, paying $3,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,000 on account. 5 Paid $2,400 cash on a 6-month insurance policy effective March 1. 14 Billed customers $3,700 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $500 on amount owed on cleaning supplies. 20 Paid $1,750 cash for employee salaries. 21 Collected $1,600 cash from customers billed on March 14. 28 Billed customers $4,200 for cleaning services. 31 Paid $350 for gas and oil used in truck during month (use Maintenance and Repairs Expense). 31 Declared and paid a $900 cash dividend. Include: Adjusted Trial Balance

Explanation / Answer

Adjusted Trial Balance :

Account Amount Treatment Equity Stock 15000 Credit Truck 8000 Debit Supplies 2000 Debit Account Payable 5000 Credit Truck : 3500 Supplies : 1500 Insurance 400 Debit Prepaid Insurance 2000 Debit Accounts Receivable 6300 Debit Cleaning Service 7900 Credit Salaries 1750 Debit Maintenance & Repair 350 Debit Dividend Paid 900 Debit Cash 6200 Debit

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