1. Recording the transactions (on page 5 of this packet) in the general journal (Sheet 1 of excel). 2. Posting the above journal entries to the general ledger accounts (Sheet 2 of excel) and totaling each account. 21 2020 on the worksheet (Sheet 3 of excel) by taking July 2 Sold 10,000 additional shares of common stock for $6.10 per share. July 2 July 2 July 5 July 5 July 10 July 10 July 15 July 20 July 24 July 26 July 31 Entered into a leasing agreement for office space for twelve months at $550 per month and paid the entire amount due. Purchased inventory on credit from Greenland Nurseries, $14,000, terms 2/10, n/30, invoice #1891. Purchased office supplies on credit from Chesterfield Office Supplies, $900 terms 2/15, n/30, invoice #9172. Paid $ 5,800 on the Note payable, plus interest accrued at 6/30/02. Sold merchandise to various individuals of $14.900. Purchased advertising of $300. Sold merchandise on credit to Watson Properties $3,500, terms 2/10,n/30, invoice #1940. Received payment from Watson Properties for merchandise sold on July 15. Paid for office supplies purchased from Chesterfield Office Supplies on July 5. Paid for inventory purchased on credit from thville Nurses Cash Sales for the month of $ 4,80 9:07 1 Messages Answer 1 of 1 Done July 2 Cash a/c 100000 Common stock 100000 (rate per share not clear assumed as $10 per share) July 2 Rent a/c 6600 Cash 6600 July 2 Inventory a/c 14000 A/c payable (Greenland nursery) July 5 Purchase a/c A/c payable(Chesterfield nursery) 14000 900 900 July 5 Interest a/c 5800 Interest accrued 5800 July 10 Casha/c 14900 sales 14900 July 10 Advertisement 300 Cash July 15 A/c Receivable(Watson properties) 300 3500 Sales 3500 July 20 Cash 3500 A/c receivable (watson properties) 3500 July 24 A/c Payable (Chesterfield office supplies) 900 Cash 900 July 26 A/c payable (greenland nursery) 14000 14000 July 31 Cash 4800 Cash sales 4800 Below is the post-closing trial balance at June 30, 2022: Bright Landscapes, Inc. Post-Closing Trial Balance 6/30/2022 Page 2 Cash Accounts Receivable Allowance for Bad Debts Inventory Prepaid Insurance Office Supplies Debit Credit $14,900 $56,895 $1,975 $41,000 $6,720 $645 Land $175,000 Property, Plant and Equipment $230,000 Accumulated Depreciation Accounts Payable $150,000 $21,545 Interest Payable Notes Payable $1,170 $72,000 Common Stock: Paid in Capital in Excess of Par Retained Earnings Totals $60,000 $152,300 $66,170 $525,160 $525,160 Below is the Chart of Accounts for Bright Landscapes: Chart of Accounts Bright Landscapes Page 3 Acc. No. Name Acc. No. Name Assets: 101 Cash 110 Account Receivable 111 Allowance for Bad Debts 120 Inventory 130 Prepaid Insurance 131 Prepaid Rent 135 Office Supplies 150 Land 160 Property, Plant and Equipment 170 Accumulated Depreciation Expenses: 501 Cost of Goods Sold: 502 Purchase Discounts 503 Purchase Returns and Allow. 506 Advertising Expense 507 Wages Expense 511 Depreciation Expense 513 Bad Debt Expense 514 Utilities Expense 516 Insurance Expense 517 Rent Expense 518 Office Supplies Expense 519 Repair Expense 522 Interest Expense Liabilities and Equity: 210 Accounts Payable 221 Interest Payable 245 Notes Payable 301 Common Stock 305 Paid in Capital in Excess of Par 330 Retained Earnings Revenues: 401 Sales Revenue 402 Sales Returns and Allowances 403 Sales Discounts 410 Interest Income Below is other pertinent information about Bright Landscapes. calable at 30, 2022 Outone Date 9/21/2000 5/21/2002 $2,450 59,725 caine and Sons 6/23/2002 SELETS Grilled Steaks 4/10/2022 Menkins and Som 550.335 4/1/2022 Smith and loses 3/3/2012 58.325 Watson Properties) 6/28/2002 54,630 556.855 Accounts Payable at June 30, 2022 Vendor Chesterfield Office Supplies 6/5/2022 5845 H's Garden Shop 6/23/2022 56,225 Smithville Nurseries 6/28/2022 54,625 Johnson Company 5/28/2002 $2.375 Carriage 4/1/2022 $1,250 National Telephone 5/25/2022 55,425 Total $21.545 Record the journal entries for the following transactions for the month of July, 2022 Pay at June 3, 2 the pay is Quality Rank with an orginal principal of Sin fut the amount wed at bane 30, 2002 i 572 000 HEAVENS Sala wat interest has been and Staf SLETES end karen 125% Prince at une 30, 2002 Tap Truck Property 1/1/2003 1/1/2 $1,500 2022 $1,300 51,530 Worker's Compensation 8/1/2018/1/2003 $3,430 4/1/2002/2005 1426 Property, Plant and Equipment at hune 30, 2012: All property, plant and equipecated in the straight line method with no intimated salvage value Record the adjusting journal entries bined on the following information