1. Record the following transactions manually by hand or typed into non-general ledger software like Excel or Word.

1. You begin your own company by depositing $5,000 from your personal checking account into the new business checking account on June 1^st. Your new company issues you 500 shares of $1-par value capital stock and so far you are the only employee!

2. On June 2nd, prepaid insurance one year in advance with Charlottesville Insurance Company, with the policy starting June 1^st. Wrote check #1 for $1,800.

3. Paid $800 cash for June rent on office space, June 3^rd to Mrs. L. D. Lord, by check # 2.

4. Collected $3,000 cash in advance on June 4^thfor future fertilizing, weed killer, and lawn cutting services with 20% of the work to be done in June, 50% in July, and 30% in August. The customers name is Luis Yucca and he gives you a personal check numbered #1200.

5. Borrowed $4,000 on June 6^th from Charlottesville Bank on a three-year, 6% note.

6. Put $1,200 on June 6^thin a bank certificate of deposit with Ruckersville National Bank, earning 5% interest for 3 months.

7. Rented a truck for the month of June for $400. Didnt sign a contract and plan to lease month-to-month in case the company decides to purchase a truck soon. Paid with check #3 on June 7^th.

8. On June 10^th, purchased a $480 gardening cart, $1,200 tiller, and $4,200 mower on account, all gardening equipment, with terms net/30 from Gardening Wholesale Supply Company. All items are expected to have a 10-year life and no salvage value, with the company using straight-line depreciation. The bill is due on July 10^th.

1. On June 11^th did landscaping work for Wyatt Crosby Company and billed them $1,150, to be paid the end of the month (E.O.M.).

10. Ordered a large dump truck load of dirt for $1,900, on account, from Speedy Delivery Company on June 12^th and received the dirt on June 15^th. This represents gardening supplies to be used in the landscaping business and not to be sold directly to customers. This must be paid by July 4^th.

11. Purchased other gardening supplies for $500 at Jims Wholesale Gardening Supply Co. and paid cash for them by check #4, on June 13^th.

12. Billed Dan Luis for a landscaping plan that the company developed for his property for $900 on June 15^thwith terms net/30.

13. Collected $1,000 from Jennifer Franko for labor the company provided on plantings she had already purchased. The work was done on June 20^thand she gave you her personal check #200.

14. On June 25^th, received the electric bill from Charlottesville Utility for $300 for the month of June, to be paid by July 25^th.

• On June 29^th, Wyatt Crosby Company (customer) paid the bill they owed of $1,150 (see item i).

16. On June 30^th, the online bank statement is available for viewing and shows $5 earned on the interest-bearing checking account and a service charge of $25 for checks ordered. Assume all checks written this month have cleared the bank and deposits were properly recorded by the bank. There are no other reconciling items. Assume the bank balance equals your cash balance after recording the service charge and interest earned.

Following are the necessary adjusting entries for the month of June, all to be prepared as of June 30^th:

17. Checked the supply of soil and determined there was $400 worth of soil left (see item j).

18. $200 of other gardening supplies were used this month (see item k).

19. Depreciate the gardening equipment for one whole month since it was purchased in the first half of the month. It is decided that the company will use straight-line depreciation with no salvage value and a ten-year useful life for all the items (see item h).

20. The water bill never arrived, so it was estimated to be $150.

21. Accrue interest on the bank loan dated June 6^th (see item e).

5. Accrue interest earned on the certificate of deposit with the bank dated June 6^th (see item f).

23. Recognize revenue earned from customer transaction dated June 4^th (see item d).

10. Adjust for insurance expired (see item b).