Question
Hello, I had to reupload this question because the answers were formatted incorrectly. Can someone please help add the entries in the correct way they
Hello, I had to reupload this question because the answers were formatted incorrectly. Can someone please help add the entries in the correct way they should be, in the same format posted as the balance sheet, general ledger, and general journal? The way they need to be answered is shown by the last 3 images, in that kind of format. Thank you. First 3 images are the instructions and account names, second 3 images are of the general journal, general ledger, and balance sheet.
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B&L Landscapes, Inc. Mini Practice Part 2 Bill Graham and Larry Miller incorporated B&L Landscapes, Inc. on July 1, 2014. 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, 2015, the company has the following adjusted trial balance B&L Landscapes, Inc Adjusted Trial Balance July 31, 2015 DEBIT $ 47,750 Cash Accounts Receivable9,500 Allowance for Doubtful Accounts Prepaid Insurance Inventory Land Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Accounts Payable Notes Payable Preferred Stock Common Stock Retained Earnings Tota 400 1,700 59,000 8,000 25,000 1,350 42,500 11,500 45,000 5,000 30,000 92,700 Not included in the adjusted trial balance are the following transactions that occur on July 31 2015 B&L Landscapes, Inc. issued $20,000 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 $40,000 2Step by Step Solution
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