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Glorious Green Lawns provides lawnmowing services for individuals and businesses The Company has a fiscal year end of August 3 1 , 2 0 2
Glorious Green Lawns provides lawnmowing services for individuals and businesses The Company has a fiscal year end of August The following transactions occurred during the year:
September Received $ for lawnmowing services that were billed last month.
October Received and paid a fuel bill of $
December The company loaned $ to an employee. The employee signed a note promising to repay the $ plus interest at an annual rate of in one year.
January The Company was completely out of supplies, so they purchased $ of supplies on account.
March Purchased a oneyear insurance policy for $ cash.
April Paid employee salaries of $
May Completed a lawnmowing job. Billed the customer $ Payment is due June
June
Collected money from the May nd lawnmowing job.
July
Paid $ to sponsor a local softball team.
Additional information:
A supply count showed $ of supplies were on hand at August
Required:
Record the journal entries for the above transactions.
Record any year end adjusting journal entries, if required.
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