B&L Landscapes, Inc. Mini Practice Part 2

Bill Graham and Larry Miller incorporated B&L Landscapes, Inc. on July 1, 2016. The business

consists of lawn care and sprinkler system installations. In addition, they also sell two types of

fertilizer.

- B&L Landscapes, Inc. issued $50,000 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 $70,000.

***************Below this are the charts I need help filling out**************

***************Below this are the charts I need help filling out**************

The Highlighted cells on the balance sheet have no special meaning I am just showing the layout of the page and how big the cells are.

B&L Landscapes, Inc. Mini Practice Part 2 Bill Graham and Larry Miller incorporated B&L Landscapes, Inc. on July 1, 2016. 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 CREDIT DEBIT $47,750 11,500 Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Inventor)y Land Building Accumulated Depreciation - Building Equipment Accumulated Depreciation -Equipment Accounts Payable Notes Payable Preferred Stock Common Stock Retained Earnings Total 400 1,700 79,000 9,000 35,000 1,750 37,600 3,500 11,500 45,000 7,000 35,100 117,300 550 Not included in the adjusted trial balance are the following transactions that occur on July 31