GP Pro Inc. opened ProCleaners on March 1.2022. During March the foll.docx - GP Pro Inc opened ProCleaners on March 1.2022 During March the following

GP Pro Inc. opened ProCleaners on March 1.2022. During March the foll.docx

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GP Pro Inc. opened ProCleaners on March 1.2022. During March the following transactions were completed Mar 1 Issued 10,000 shares of common stock for $15,000 cash 1 Borrowed $6.000 cash by signing a 6-month. 6% 56,000 note payable Interest will be paid the first day of each subsequent month 1 Purchased used truck for $8,000 cash 2 Paid $1,500 cash to cover rent from March 1 through May 31 3 Pald $2,400 cash on a 6-month insurance policy effective March 1 6 Purchased cleaning supplies for $2,000 on account 14 Billed customers $3,700 for cleaning services performed 18 Paid $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 performed 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 The chart of accounts for ProCleaners contains the following accounts 11 Cash 32 Retained Earnings 12 Accounts Receivable 33 Dividends 13 Supplies 34 Income Summary 14
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