B&L Landscapes, Inc. Mini Practice Part 2 Bil l Graham and Larry Miller incorporated B&L Landscapes, Inc. on July 1, 2017. The business consists of lawn care and sprinkler system installations. In addition, they also sell two types of fertilizer Bill and Larry are concerned about ensuring a steady supply of high-quality PVC pipe for the sprinkler installations jobs they do and have come up with a plan to issue bonds to several of their family members. These funds will enable them to acquire a significant portion of the stock of a local PVC manufacturer At the end of July 2017, the company has the following adjusted trial balance: B&L Landscapes, Inc Adjusted Trial Balance July 31, 2017 DEBIT 65.000 Cash Accounts Receivable Allowance for Doubtful Accounts 500 59.000 Inventory Land Buillding 8000 25.000 Equipment 42 500 7.500 Accounts Payable Preferred Stock Common Stock Retained Earnings Total 22950 8,000 92.700 Not included in the adjusted trial balance are the following transactions that occur on July 31 2017 1. 2, B&L Landscapes, Inc. issued $55.000 worth of 5%, 10 year bonds at face value. B&L Landscapes, Inc. purchased 30% of the outstanding common stock of Crestline Pipe. Inc. for $75,000