4. Journalize any adjusting entries in the General Journal and post in the General Ledger.
	Show your calcuations for the adjustments in the Adjustments tab.

Home Layout Tables Review Charts Font 10A SmartArt Formulas Data Edit Alignment Number Fill Arial abc Wrap Text General ClearB I U 19.0- Paste For 031 Dorsey Landscape, Inc. 2 Accounting Transactions for the Period of April 1, 2016-April 30, 2016 4 5 Date 6 Description April 1, 2016 The stockholders purchase 7,500 shares of $10 par value stock. Total cash received is $75,000. April 1, 2016 The company took a S30,000 business loan from a local bank. The loan is "interest only" loan for three years at a fixed rate of 10%. A ballon payment of the principal will be due in 3 years. The montly interest payment is due by the 10th of the following month 10 12 13 14 April 1,2016 Management rents a combination office and garage facility for $1,000 per month and pays 15 16 17 April 1,2016 Purchased a truck valued at $45,000 with a $15,000 down payment and a 4-year $30,000 note payable 18 19 20 21 April 1, 2016 Prchased used equipment and trailers for $25,000 cash. The equipment and trailers have a 5-year useful life 4 months ($4,000) in advance by cash in addition to a $1,500 security deposit with an annual interest rate of 5%. The truck has a 5-year useful life and no salvage value The monthly payment including principal and interest is $690.88 and no salvage value 23 24 April 2, 2016 Prchased on account Lawn & Garden Supplies in the amount of $6,000 from Wintergreen Garden Center 25 26 April 4, 2016 Dorsey contracted with two local businesses, Preston Hill B& B and Grace's Diner to provide monthly landscaping service at a rate 27 28 29 April 6, 2016 Purchased S500 of office supplies on account from ABC Office Supply. 30 31 32 of $650 per month. Dorsey Landscape will bill the businesses at the end of each month. April 8, 2016 Paid invoice from Insurance company for 4 months of coverage beginning April 1, 2015 for a total of $1,600 34 April 10, 2016 Receipts of cash from landscaping services in the amount of $5,200 were deposited to bank. 35 36 April 14, 2016 Paid 1/2 of amount owed to Wintergreen Garden Center 37 38 April 16, 2016 Paid $1,200 in wage expense for the period April 1-April 15, 2015. 39 40Aprl 19, 2016 Paid ABC Office Supply invoice for purchases on April 6, 2016. 42 April 20, 201 Received $7,500 in cash and checks for landscaping services rendered 43 4 April 24, 2016 Returned $500 worth of lawn and garden supplies to Wintergreen Garden Center and received 45 credit on account