Lars Linken opened Sheffield Cleaners on March 1, 2017

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Lars Linken opened Sheffield Cleaners on March 1, 2017. During March, the following transactions were completed.

Mar. 1		Issued 10,800 shares of common stock for $16,200 cash.
1		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.
1		Purchased used truck for $8,600 cash.
2		Paid $1,500 cash to cover rent from March 1 through May 31.
3		Paid $2,700 cash on a 6-month insurance policy effective March 1.
6		Purchased cleaning supplies for $2,160 on account.
14		Billed customers $4,000 for cleaning services performed.
18		Paid $540 on amount owed on cleaning supplies.
20		Paid $1,890 cash for employee salaries.
21		Collected $1,730 cash from customers billed on March 14.
28		Billed customers $4,540 for cleaning services performed.
31		Paid $380 for gas and oil used in truck during month (use Maintenance and Repairs Expense).
31		Declared and paid a $970 cash dividend.

The chart of accounts for Sheffield Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumulated Depreciation—Equipment, Accounts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Rent Expense, and Interest Expense.

(a) Journalize the March transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation