Problem - The transactions of Lightning Package Delivery Company for March 2012 follow:
Mar. 1 The company was organized and issued capital stock for $300,000 cash.
2 Paid $6,000 as the rent for March on a completely furnished building.
5 Paid cash for delivery trucks, $180,000.
6 Paid $4,000 as the rent for March on two forklift trucks.
9 Paid $2,200 for supplies received and used in March.
12 Performed delivery services for customers who promised to pay $27,000 at a later date.
20 Collected cash of $4,500 from customers on account (see March 12 entry).
21 Received a bill for $1,200 for advertising in the local newspaper in March.
27 Paid cash for gas and oil consumed in March, $450.
31 Paid $2,400 salaries to employees for March.
31 Received an order for services at $12,000. The services will be performed in April.
31 Paid cash dividend, $1,000.
Prepare the journal entries required to record these transactions in the general journal of the company.