Question
Hello. I was wondering if someone else could help me with this assignment. I received expert help earlier today but honestly I could not read
Hello. I was wondering if someone else could help me with this assignment. I received expert help earlier today but honestly I could not read the handwriting. No offense!! I think we have all become more accustomed to typing rather than writing. Plus, my request is quite lengthy. Essentially, I have an assignment that I need to turn in but I need to ensure what I have thus far is correct. As a part of this assignment, I need to provide journal entries, general ledger and then create a trial balance. I just need to know that I am on the right track because it does not seem correct what I have thus far. Thanks.
April Transactions | |
Date | Transaction Description |
April 1 | Started a landscaping business by making a $50,000 deposit in a company bank account, in exchange for 5,000 shares of $10 par value common stock. |
April 1 | Purchased insurance for the year and paid $3,600 cash. |
April 1 | Paid monthly rental of $2,500 cash on a warehouse to store the landscaping equipment. |
April 3 | Purchased landscaping equipment from Toro for $15,000, paying a downpayment of $10,000 cash, and $5,000 on account. |
April 5 | Purchased landscaping supplies of $750 on account. |
i | Paid $500 cash for advertising in local newspapers. |
April 10 | Received $12,500 in cash for landscaping services provided. |
April 12 | Paid $2,000 on account for landscaping equipment previously purchased on April 3rd. |
April 15 | Provided landscaping services on account for $1,200. |
April 20 | Received $10,500 in cash for landscaping services provided. |
April 28 | Received $600 cash on account for landscaping services performed on April 15th. |
April 30 | Received $4,000 cash for landscaping services provided. |
April 30 | Paid a utility bill of $700 cash. |
April 30 | Paid dividends of $3,000 cash |
April 30 | The inventory of landscaping supplies showed a balance of $300 on hand at the end of the month. |
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