Dale Descn ptron or the Transaction / July 1 Borrmr 535,000,00 rrom 1st Bank by signing a24 montn note (As an example or now toyournsioe and post a transaction 7 inis transaction nss already been entered into the General Journal and posted to the General Ledgerl July 1 Receive 380.400 00 casn train new invstors. and ssue 380.40000 or common stock to tnem July 1 Purchase 55390000 or new mowing equipment. paying casn to tie mower dmler July 1 Pay $500 00 caslr ror tire Jury truck rental, July 3 involce a new custonler 53.090 00 tor a completed mowrng Job 7 customer will pay in 10 days July 5 The Board of Directors declares a casll ledettd. The total amount OHIIe ledertd ls $4.000!\" The Date of Record IS set as JUN 15. The Date 0! Payment IS set as July 31. July 7 Pay tne employees 16.00000 for work perronried during tne 1st week or Ju iy, July 10 complete a mowrng pp tor a new customer customer pays 5975 00 casn rortne job July 12 Colect 53.500 00 caslr rronrtne golrcourse rorspecial nrsn mowing pl) completed on May 31, July 14 Pay tne employees 1.5.10000 forwork perronried during tlre 2nd week orJuiy July 15 Purchase $900 00 or su pplles from tne mower dmler Tne supplles are consumed immediately Lenny's will pay llre mower dealer tor tne supplies in about 2 weels July 15 collect 53.890 00 on account The 615" "lat 5 received 5 from me new customer tor lllejob that was completed on July 3, July 17 one oltne original mowers purchased in January or 2016 broke down and is repaired by the rrlower dealer. The cost ol the Mower Repair job is $855.00. Lenny's erI pay tne mower dealer in 30 days. July 19 Purcnase tor casn $31.0o00oolsupplres, Tnae Supplles will be consumed overtne next 12 montns July 20 collect 53000000 from tne properly management company ror woni penomied rn Ju ne, .ransr __- -Il_i July 20 collect 53000000 from tne properly management company ror woni penomied in Ju ne, July 21 Pay tne employees 35.45000 for work perronned during tne 3rd week or July July 23 Recenre a 3.4250000 advance payment trorn tne universny, Tne advance payment is ror 5 montns or work wnicn will be penonried rronr August 1. 2017 to January 31. 2013, July 25 Complete a special mowing job for tne golr course, Tne total price ror tire iriowing job is 510,550 00 Tne golf course pays 54.00000 casn on tlr's date and will pay tne remainder on August 25, July 27 Complete a mowrng pp tor a new customers customer pays 5300 00 casn rortne iop July 27 Pay 5900 00 caslr to tire lrlmtrer dealer ror tne supplies purchased on account on July 15, July 28 Pay tne employees 56.35000 for wont perronrled during tlle Alli week or July, July at involce tne properly management company 333.000 00 tor Jury mowrng won: The properly management company will pay tlle lnvolce on the 20m 01 next montn July 31 Pay Ille cash dmdend wtllcll was declared on July 5, Additional Information Equipment: Tne 54300000 peginning Dahnce Ill tne Equipment account relates to tne mowrng equipment wnicn was purcnased on January 2. 2016 For rnronnation related to tnis niowrng equipment see Page 70 in tne solid Footing pook Tnis equipment continues to be used and snould he deprecated rortne montn orJuty, Tne rollowrng rnronnation relates to tne new equipment wnicn was purcnased on Jury 1. 2017 > Tne new equiprrient was placed into service on July 1. 2017 and snouid pe depreciated tor tne montn otJuty > Tne estinrated userul tne or tne new equipment 5 5 years a At tne end or5 years. tne new equipment will nave no ruture value and will be scrapped Tne new equipment will he depreciated using tne straig IIHllle metnod i "Trans l-Ii singers i -I_i Additional lnlormation Equipment: The 54300000 beginning balance in ttle Equlpment account relath to the mowrng equipment wnicn was purcnased on January 2. 2016 For rnronnatron related to tire mowrng equipment see Page 70 in the Solld Footing book The equipment continues to be used and snould be deprecated rortne montlr olJury, The following inromiation reiatesto tne new equipment wliicn was purchased on Jury 1. 2017 Tne new equiprrient was placed into service on July 1. 2017 and slrould be deprecated tor tne montn orJuiy Tne estllrlated userul we ortiie new equipment is 5 years a At tne end as years. tne new equipment will irave no ruture value and will be scrapped Tne new equipment will be depreciated using tne straig llHine nietliod Suppl res: At tne end or July tnere are 125.900 00 suppli onnand Mowing Service at tire Universityne niontniy mowing service was provided to tie university per tlie contractsigned on April 1. 2017 For lnlomlatlon on the Commit wtlll the university and tile related advance payment, see Pages 95 and 98 ill the 50m Footing book, wages Due tire Employees: Tne last wage payment was made to ttle employees on Jury 20. 2017, Tne employees worked on Jury 29. 30. and 31 For tnae tirree days or work tne employees eanred 53.500 00 or wags Tirese tirree days or wages will be paid to tne workers during tne nrst week orAugust, Bank Loan: Tne llllell on tne loan lronl 1st Bank wrll be paid every three months Tne rst interest payment to tne bank will be made on September 30. 2017 Lenny's calls tne bank on July 31 and tne Dank indicates that tne interest on tne loan tar Jury is $900 00, A\" i Trans l-Ii Gusset i Tria Ba '5 Sir, SEUJity \\