\begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Lenny's Lawn Service, Inc. - General Journal } \\ \hline & & & & & Page \# 1 \\ \hlineMonth-Day2023 & \begin{tabular}{l} Account \\ Number \end{tabular} & Account Name & Posted & Debit & Credit \\ \hline \multirow[t]{4}{*}{71} & 100 & Cash & x & 35,000.00 & \\ \hline & 250 & Notes Payable & x & & 35,000.00 \\ \hline & & Borrowed on Note Payable & & & \\ \hline & : & & & & \\ \hline \\ \hline \multicolumn{6}{|c|}{28} \\ \hline & & & & & \\ \hline & & & & & \\ \hline & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & 4 & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular} CAUTOM mounts into the Balance Sheet by typing in the amounts. fcopy cels from the General Ledger or Pre-Cbsing Trial Bal Note the following three new sub-totals appeating on Lennys Balance Sheet: Total Current Assets is a total of those assets, Which will tum-into cash during the noxt 12 months or be consumed durng the next 12 months. The comparison of TotalCurent Assets to Total Curront Llabitios gives some indication of Lennys liquidity that is, ts ablity to payts bills in the short-tem. Property \& Equipment, net is the amount of Fixed Asset cost, which remans to be deprecialed in future accounting periods. Total Current Liabilites is a total of those labilites that will require payment in the next 12 months. In the case of Uneamed Revenue, this current llabilly will be "pald-olf" by Lenny's deliverng mowing services to the university. Areniunte Renaivahla Additionalinformation \begin{tabular}{|c|c|} \hline Equipment: & \begin{tabular}{l} The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment \\ which was purchased on January 2,2022 . For information related to this mowing equipment \\ see Page 70 in the Solid Footing fle CHAPTER 07 a - Intro to Adjusting Entries.pdf. \\ This equipment continues to be used and should be depreciated for the month of July. \\ The following information relates to the new equipment which was purchased on July 1,2023 : \\ The new equipment was placed into service on July 1,2023 and should be depreciated \\ for the month of July. \\ The estimated useful life of the new equipment is 5 years. \\ At the end of 5 years, the new equipment will have no future value and will be scrapped. \\ The new equipment will be depreciated using the straight-line method. \end{tabular} \\ \hline Supplies: & As the end of July there are $24,900.00 supplies on-hand. \\ \hline \begin{tabular}{l} Mowing Service \\ at the University: \end{tabular} & \begin{tabular}{l} The monthly mowing service was provided to the university per the contract signed on April 1, 2023. \\ For information on the contract with the university and the related advance payment, see \\ Pages 95 and 98 in the Solid Footing file CHAPTER 08 a - Adjusting Entries Continued.pdf. \end{tabular} \\ \hline \begin{tabular}{l} Wages Due \\ the Employees: \end{tabular} & \begin{tabular}{l} The last wage payment was made to the employees on July 28,2023 . The employees worked on \\ July 29,30 , and 31 . For these three days of work the employees earned $2,225.00 of wages. \\ These three days of wages will be paid to the workers during the first week of August. \end{tabular} \\ \hline Bank Loan: & \begin{tabular}{l} The interest on the loan from 1st Bank wil be paid every three months. The first interest payment \\ to the bank will be made on September 30,2023 . Lenny's calls the bank on July 31 and the \\ bank indicates that the interest on the loan for July is $920.00. \end{tabular} \\ \hline \end{tabular} Enter amounts intc typing in the amoui Do NOT copy cells Lenny's Lawn Service, Inc. - General Ledger July 19 Purchase for cash $27,250,00 of supplies. These supplies will be consumed over the next 12 months. July 20 Collect $30,000,00 from the property management company for work performed in June. July 21 Pay the employees $6,950.00 for work performed during the 3rd week of July. July 23 Receive $19,800.00 advance payment from the university. The advance payment is for 6 months of work which will be performed from August 1, 2023 to January 31, 2024 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $4,600,00. The golf course pays $1,000.00 cash on this date and will pay the remainder on August 25 . July 27 Complete a mowing job for a new customer - customer pays $5,475.00 cash for the job. July 27 Pay $2.770.00 cash to the mower dealer for the supplies purchased on account on July 15. July 28 Pay the employees $7,150,00 for work performed during the 4 th week of July. July 31 Invoice the property management company $22,750.00 for July mowing work. The property management company will pay the invoice on the 20 th of next month. July 31 Pay the cash dividend which was declared on July 5. Lenny's Lawn Service, Inc. - General Ledger Account #400 Service Revenue \begin{tabular}{|c|c|c|c|c|c|c|} \hlineMonth-Day2023 & & \begin{tabular}{l} Joumal \\ Page: \end{tabular} & Dobit & Credit & Balance & \\ \hline 71 & Beginning Balance & & & 0.00 & 0.00 & Cr \\ \hline 4 & \multirow{9}{*}{ s } & & & & & \\ \hline & & & & & & \\ \hline+ & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \multirow[t]{2}{*}{=} & & & & & & \\ \hline & & & & . & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline Account \# & Suppli & xpense & & & & \\ \hlineMonth-Day2023 & 1 & \begin{tabular}{l} Joumal \\ Pagell \end{tabular} & Dobit & Credit & \multicolumn{2}{|l|}{ Balance } \\ \hline 71 & Beginning Balance & & 0.00 & & 0.00 & Dr \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} Account \# 505 Mower Repair Expense \begin{tabular}{|c|c|c|c|c|c|c|} \hline \begin{tabular}{c} 2023 \\ Month-Day \end{tabular} & & \begin{tabular}{l} Joumal \\ Page" \end{tabular} & Debit & Credit & Balance & \\ \hline \multirow[t]{4}{*}{71} & Beginning Balance & & 0.00 & & 0.00 & Dr \\ \hline & \multirow{3}{*}{} & & & & & \\ \hline & & . & & & & \\ \hline & & & & & & \\ \hline \end{tabular} Lenny's Lawn Service, Inc. - General Ledger \begin{tabular}{|c|c|c|c|c|c|c|} \hline Account \# & Accou & ayable & & & & \\ \hline \begin{tabular}{|c|} 2023 \\ Month-Day \\ \end{tabular} & & \begin{tabular}{l} Joumal \\ Page: \end{tabular} & Debit & Credit & \multicolumn{2}{|l|}{ Balance } \\ \hline \multirow[t]{5}{*}{71} & Beginning Balance & & & 0.00 & 0.00 & Cr \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline Account \# & Intere & yable & & & & \\ \hline \begin{tabular}{c|} 2023 \\ Month-Day \\ \end{tabular} & & \begin{tabular}{l} Joumal \\ Page " \end{tabular} & Debit & Credit & Balance & \\ \hline 71 & Beginning Balance & & & 0.00 & 0.00 & Cr \\ \hline & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline Account \# & Unear & Reven & & & & \\ \hline \begin{tabular}{c} 2023 \\ Month-Day \\ \end{tabular} & & \begin{tabular}{l} Joumal \\ Pagen \end{tabular} & Debit & Credit & \multicolumn{2}{|l|}{ Balance } \\ \hline \multirow[t]{4}{*}{71} & Beginning Balance & & & 8,000.00 & 8,000.00 & Cr \\ \hline & \multirow[t]{3}{*}{} & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular}