Lars Linken opened Monty Cleaners on March 1, 2022. During March, the following transactions were completed. Mar.
1 Issued 8,600 shares of common stock for $12,900 cash.
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.
1 Purchased used truck for $6,900 cash.
2 Paid $1,200 cash to cover rent from March 1 through May 31.
3 Paid $2,100 cash on a 6-month insurance policy effective March 1.
6 Purchased cleaning supplies for $1,720 on account.
14 Billed customers $3,180 for cleaning services performed.
18 Paid $430 on amount owed on cleaning supplies.
20 Paid $1,510 cash for employee salaries.
21 Collected $1,380 cash from customers billed on March 14.
28 Billed customers $3,610 for cleaning services performed.
31 Paid $300 for gas and oil used in truck during month (use Maintenance and Repairs Expense).
31 Declared and paid a $770 cash dividend.

The chart of accounts for Lars 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.

Instructions
a. Journalize the March transactions.
b. Post to the ledger accounts.