Here you will account for Sherman Lawn Service’s transactions as it is actually done in practice.

Sherman Lawn Service completed the following transactions during August:
Aug 1 Received \($1,000\) and issued 100 shares of common stock. Opened bank account titled Sherman Lawn Service, Inc.
3Purchased on account a mower, \($1,000\), and weed whacker, \($400\). The equipment is expected to remain in service for four years.
5 Purchased \($20\) of gas. Wrote check #1 from the new bank account.
6 Performed lawn services for client on account, $200.
8 Purchased \($50\) of fertilizer from the lawn store. Wrote check #2 from the new bank account.
17 Completed landscaping job for client, received cash $500.
31 Received \($50\) on account from Aug 6 sale.
Requirements 

1. Open T-accounts in the ledger: Cash, Accounts receivable, Lawn supplies, Equipment, Accounts payable, Common stock, Retained earnings Dividends, Service revenue, and Fuel expense.
2. Journalize the transactions. Explanations are not required.
3. Post to the T-accounts. Key all items by date, and denote an account balance as Bal. Formal posting references are not required.
4. Prepare a trial balance at August 31, 2009.