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Laura Eddy opened Eddy's Carpet Cleaners on March 1. During March, the following transactions were completed.



Mar.

1

Invested $10,026 cash in the business.





1

Purchased used truck for $6,470, paying $3,235 cash and the balance on account.





3

Purchased cleaning supplies for $1,017 on account.





5

Paid $1,704 cash on one-year insurance policy effective March 1.





14

Billed customers $4,991 for cleaning services.





18

Paid $1,353 cash on amount owed on truck and $495 on amount owed on cleaning supplies.





20

Paid $1,920 cash for employee salaries.





21

Collected $1,404 cash from customers billed on March 14.





28

Billed customers $2,694 for cleaning services.





31

Paid gas and oil for month on truck $203.





31

Withdrew $621 cash for personal use.


The chart of accounts for Eddy's Carpet Cleaners contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 128 Cleaning Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries Payable, No. 301 L. Eddy, Capital, No. 306, L. Eddy, Drawing, No. 350 Income Summary, No. 400 Service Revenue, No. 633 Gas & Oil Expense, No. 634 Cleaning Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries Expense

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