Answer:
March 1 Issue common stock for $21,000.
- Dr Cash 21,000
- Cr Common stock 21,000
March 5 Obtain $9,000 loan from the bank by signing a note.
- Dr Cash 9,000
- Cr Notes payable 9,000
March 10 Purchase construction equipment for $25,000 cash.
- Dr Equipment 25,000
- Cr Cash 25,000
March 15 Purchase advertising for the current month for $1,100 cash.
- Dr Advertising expense 1,100
- Cr Cash 1,100
March 22 Provide construction services for $18,000 on account.
- Dr Accounts receivable 18,000
- Cr Service revenue 18,000
March 27 Receive $13,000 cash on account from March 22 services.
- Dr Cash 13,000
- Cr Accounts receivable 13,000
March 28 Pay salaries for the current month of $6,000.
- Dr Salaries expense 6,000
- Cr Cash 6,000
