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Donegan'sLawnCareServicebeganoperationsinJuly2012.Thecompanyengagedinthefollowing transactionsduringitsfirstmonthofoperations: July18Issued500sharesofcapitalstocktoPatrickDoneganfor1500. July22Purchasedofficesuppliesonaccountfor100. July23Purchasedmowingequipmentfor2000,paying400incash, andissuinga60-daynotepayablefortheremainingbalance. July24Paid25cashforgasoline. July25BilledLostCreekCemetery150formowingservices.TheentireamountisdueJuly30. July26BilledGolfViewCondominimus200formowingservices.Theentireamountis dueAugust1. July30Collected150fromLostCreekCemeteryformowingservicesprovidedonJuly25. July31Paid80salarytoemployeeTeddyGrimmforworkperformedinJuly. Required Recordeachoftheabovetransactionsingeneraljournalform. Posteachentrytotheappropriateledgeraccounts. PrepareatrialbalancedatedJuly31,2012.

Donegan'sLawnCareServicebeganoperationsinJuly2012.Thecompanyengagedinthefollowing transactionsduringitsfirstmonthofoperations: July18Issued500sharesofcapitalstocktoPatrickDoneganfor1500. July22Purchasedofficesuppliesonaccountfor100. July23Purchasedmowingequipmentfor2000,paying400incash, andissuinga60-daynotepayablefortheremainingbalance. July24Paid25cashforgasoline. July25BilledLostCreekCemetery150formowingservices.TheentireamountisdueJuly30. July26BilledGolfViewCondominimus200formowingservices.Theentireamountis dueAugust1. July30Collected150fromLostCreekCemeteryformowingservicesprovidedonJuly25. July31Paid80salarytoemployeeTeddyGrimmforworkperformedinJuly.

Required

Recordeachoftheabovetransactionsingeneraljournalform. Posteachentrytotheappropriateledgeraccounts. PrepareatrialbalancedatedJuly31,2012.

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