1 record general journal. and record in General Ledger Accounts.

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July 2 July 2 Sold 10,000 additional shares of common stock for $7.50 per share. Paid monthly rent of 390. Paid cash for inventory of merchandise $13,500. July 2 July 5 Paid $10,000 on the Note Payable, plus interest accrued at 6/30/ July 5 Bought office supplies on credit from Chesterfield Office Supplies, $1,000 terms 2/20, n/30, invoice #9172. July 10 Sold merchandise on credit to Higgins Construction Company $4.400, Sold merchandise terms 2/15, n/30, invoice #1941. July 10 Paid electricity bill of $250. Sold merchandise on credit to Logan Contractors, $18,000, terms 2/10, n. July 15 July 22 Paid for office supplies purchased from Chesterfield Office Supplies on July 24 Received payment from Higgins Construction Company for sale of Ju July 28 W atson Received cash for sale on credit from 2/10,n/30. July 31 Cash sales for the month of $ 1.250 In March 2001, a group of individuals formed the Bright Landscapes Corporation. At the time of incorporation, Bright was given authorization to sell 100,000 shares of common stock with a $4 par value. As of June 30, 2020, 15,000 shares were issued and outstanding. The goal of Bright Landscapes is to provide quality trees and shrubs, as well as law and garden tools, to its customers at low prices. To keep these low prices, Bright sells the landscapes materials but does not provide planting services. Although Bright has some over-the-counter cash sales of merchandise to individuals, its largest amount of business results from credits sales to contractors and businesses. Bright has a calendar year end, however, a one month period of time will be used in this practice set with adjusting entries prepared at month end of July 31, 2020. Bright uses a perpetual inventory system, but will record the cost of items sold at the end of the month through an adjusting entry. Not all accounts will have transactions in the month of July