1.

2.

Linda owns a lawn maintenance company, and Susan owns a machine repair shop. For the month of July, the following transactions occurred. July 3 Linda provides lawn services to Susan's repair shop on account, \$490. July 6 One of Linda's mowers malfunctions. Susan provides repair services to Linda on account, \$440. July 9 Susan pays $490 to Linda for lawn services provided on July 3 . July 14 Susan borrows $590 from Linda by signing a note. July 18 Linda purchases advertising in a local newspaper for the remainder of July and pays cash, $100. July 20 Linda pays $440 to Susan for services provided on July 6 . July 27 Susan performs repair services for other customers for cash, $790. July 30 Susan pays employee salaries for the month, $290. July 31 Susan pays $590 to Linda for money borrowed on July 14 . Required: Record the transactions for Linda's Lawn Maintenance Company. Keep in mind that Linda may not need to record all transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Canadian Rockies Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of operations in 2024, Canadian Rockies has the following account balances. The following transactions occur during December 2024: December 1 Pay rent for mountain lodges for the month of Decenber, $1,700. December 5 Provide guided tour to customera in Grand Teton National Park for cash, $3,600. December 8 Borrow from a local bank by signing a note payable, $18,000. The note is due in one year with a 68 interest rate. Decenber 12 Receive cash from customers as paynent for a guided tour that occurred on November 28 , $4,300. Decenber 13 Issue additional shares of comon stock for cash, $28,000. December 15 Pay employee salaries for the first half of the month, $2,000. December 17 purchase advertising on several local radio stations to be aired during the following two weeks, $1, 800 . Decenber 22 Provide guided tour to customers in Yellowstone National Park on account, \$4,000. Decenber 23 One of the customers fron the Decenber 22 tour claims to have seen the legendary creature Bigfoot. The company believes this exciting news will create additional revenue of $28,000 next year. December 26 Purchase several pieces of hiking equipnent to give customers a more enjoyable adventure, such as nightvision goggles, GPS, long-range binoculars, and video cameras, for cash, $29,300. December 28 Pay cash on accounts payable, $2,300. December 31 Pay dividends to stockholders, $2,800. Answer is not complete. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Linda owns a lawn maintenance company, and Susan owns a machine repair shop. For the month of July, the following transactions occurred. July 3 Linda provides lawn services to Susan's repair shop on account, \$490. July 6 One of Linda's mowers malfunctions. Susan provides repair services to Linda on account, \$440. July 9 Susan pays $490 to Linda for lawn services provided on July 3 . July 14 Susan borrows $590 from Linda by signing a note. July 18 Linda purchases advertising in a local newspaper for the remainder of July and pays cash, $100. July 20 Linda pays $440 to Susan for services provided on July 6 . July 27 Susan performs repair services for other customers for cash, $790. July 30 Susan pays employee salaries for the month, $290. July 31 Susan pays $590 to Linda for money borrowed on July 14 . Required: Record the transactions for Linda's Lawn Maintenance Company. Keep in mind that Linda may not need to record all transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Canadian Rockies Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of operations in 2024, Canadian Rockies has the following account balances. The following transactions occur during December 2024: December 1 Pay rent for mountain lodges for the month of Decenber, $1,700. December 5 Provide guided tour to customera in Grand Teton National Park for cash, $3,600. December 8 Borrow from a local bank by signing a note payable, $18,000. The note is due in one year with a 68 interest rate. Decenber 12 Receive cash from customers as paynent for a guided tour that occurred on November 28 , $4,300. Decenber 13 Issue additional shares of comon stock for cash, $28,000. December 15 Pay employee salaries for the first half of the month, $2,000. December 17 purchase advertising on several local radio stations to be aired during the following two weeks, $1, 800 . Decenber 22 Provide guided tour to customers in Yellowstone National Park on account, \$4,000. Decenber 23 One of the customers fron the Decenber 22 tour claims to have seen the legendary creature Bigfoot. The company believes this exciting news will create additional revenue of $28,000 next year. December 26 Purchase several pieces of hiking equipnent to give customers a more enjoyable adventure, such as nightvision goggles, GPS, long-range binoculars, and video cameras, for cash, $29,300. December 28 Pay cash on accounts payable, $2,300. December 31 Pay dividends to stockholders, $2,800. Answer is not complete. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)