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Date Transaction 1/1/21 Invested $50,000 in the business 1/2/21 Bought $3,500 of furniture for business 1/1/21 Made deposit for rent of $1,500. 1/4/21 Bought
Date Transaction 1/1/21 Invested $50,000 in the business 1/2/21 Bought $3,500 of furniture for business 1/1/21 Made deposit for rent of $1,500. 1/4/21 Bought $1,000 of landscaping supplies on account 1/4/21 Bought office supplies on account for $500 1/4/21 Bought lawnmover, weed eater, leaf blower for business for $1,000 1/4/21 Bought trailer for business for $5,000-useful life is four years 1/9/21 Received $1,500 for landscaping services for Customer A. 1/16/21 Paid employee one week wages. Employee earns $120 per day. Employee started 1/4/2021 1/30/21 Paid employee two weeks wages. Employee earns $120 per day 1/13/21 Provided $1,200 for landscaping services for Customer B to be paid in 15 days. 1/15/21 Received $1,800 for landscaping services for Customer C. 1/22/21 provided $1,500 for landscaping services for Customer D to be paid in 15 days. 1/26/21 Received $1,500 for landscaping services for Customer E. 1/29/21 Received $1,500 for landscaping services for Customer F. 1/29/21 Customer C pays $1,100 for services to be provided 2/5/2021 1/27/21 Received $800 from customer B. 1/29/21 Paid $1,000 for landscaping supplies purchased earlier 1/31/21 Paid dividends of $2,000 1/31/21 Estimate January utility expenses will be $150 1/31/21 $400 of office supplies on hand 1/31/21 Estimated furniture useful life is five years 1/31/21 Estimated lawnmover, weed eater, leaf blower useful life is two years 1/31/21 Estimated trailer useful life is four years 1/31/21 Monthly rent is $750 1/31/21 $600 of landscaping supplies on hand 1/31/21 Employee is owed one week's pay Landscaping Services, LLC January 2022 Transactions 50 Points Asset/Liability Asset/Liability or or Owner's Debit Owner's Equity Credit Equity Cash Asset Shareholder equity Equity Furniture Asset Cash Asset Deposits Asset Cash Asset Landscaping supplies Asset Accounts payable Liability Office Supplies Asset Accounts payable Liability Equipment Asset Cash Asset Equipment Asset Cash Asset Cash Salaries Asset Revenue Equity Equity Cash Asset Salaries Equity Cash Asset Accounts receivable Asset Revenue Equity Cash Asset Revenue Equity Accounts receivable Asset Revenue Equity Cash Asset Revenue Equity Cash Asset Revenue Equity Cash Asset Unearned revenue Asset Cash Asset Accounts receivable Liability Accounts payable Liability Cash Dividends Equity Cash Asset Asset Utility Expense Equity Accrued Expenses Liability Office Supply expense Equity Office supplies Asset Depreciation Equity Accumulated Depreciation-Furniture Asset Depreciation Equity Accumulated Depreciation-Equipment Asset Depreciation Equity Rent Expense Equity Accumulated Depreciation-Equipment Deposits Asset Liability Landscaping supply expense Equity Landscaping supplies Asset Salary expense Equity Accrued Expenses Liability
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