Lars Linken opened Marigold Cleaners on March 1, 2017. During March, the following transactions were completed. Mar. 1 Issued 8,800 shares of common stock for $13,200 cash.
Mar. 1 Borrowed $5,400 cash by signing a 6-month, 6%, $5,400 note payable. Interest will be paid the first day of each subsequent month.
Mar. 1 Purchased used truck for $7,000 cash.
Mar. 2 Paid $1,200 cash to cover rent from March 1 through May 31.
Mar. 3 Paid $2,100 cash on a 6-month insurance policy effective March 1.
Mar. 6 Purchased cleaning supplies for $1,760 on account.
Mar. 14 Billed customers $3,260 for cleaning services performed.
Mar. 18 Paid $440 on amount owed on cleaning supplies.
Mar. 20 Paid $1,540 cash for employee salaries.
Mar. 21 Collected $1,410 cash from customers billed on march

The chart of accounts for Marigold 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.

Journalize the March transactions.

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.