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Problem 4-5A

Devine Brown opened Devine’s Carpet Cleaners on March 1. During March, the following transactions were completed.

Mar. 1   Invested $10,940 cash in the business.
1   Purchased used truck for $6,050, paying $3,025 cash and the balance on account.
3   Purchased cleaning supplies for $1,128 on account.
5   Paid $1,788 cash on one-year insurance policy effective March 1.
14   Billed customers $4,723 for cleaning services.
18   Paid $1,538 cash on amount owed on truck and $402 on amount owed on cleaning supplies.
20   Paid $1,648 cash for employee salaries.
21   Collected $1,926 cash from customers billed on March 14.
28   Billed customers $2,561 for cleaning services.
31   Paid gasoline for month on truck $393.
31   Withdrew $769 cash for personal use.


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