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File Home Trees 4 U Transactions-Student Template (1)-Saved insert Draw Formulas Data Review Vievw Calibri (Body) 11 2 BUSINESS TRANSACTIONS: Record necessary entries. Date Transaction Description 3 1/1/2016 Sold 20,000 shares of $1 par common stock for $20/share 4 1/10/2016 Acquired one (1) delivery truck in exchange for 2500 shares of common stock. Negotiated Trade for $15 per share. 5 2/14/2016 Purchased $42,500, 9.5%, 20 year bond at 102 from Cupid Inc. Tobe held to maturity. 6 2/15/2016 Sold $550,000 of trees and shrubs to Peabodies, Inc. on account, 2/10/30 7 2/15/2016 Purchased a forklift valued at $137,500. Paid 10%down and signed a 12%, 90 day note for the balance 8 2/18/2016 Purchased a forest valued at $125,000. The estimate of trees that can be harvested yearly is 50,000 9 2/22/2016 Peabodies, Inc. paid entire balance owed on account 10 2/28/2016 Issued S350,000, 8%, 10 year bond at 103, interest paid semi annually. 11 3/1/2016 Purchased equipment for shearing and shaping trees for $400,000 cash 12 3/10/2016 Sold $340,000 of trees and shrubs to Garden's Galore, Inc. on account, 2/10/30 13 3/11/2016 Garden's Galore returned damaged trees, $23,000 14 3/18/2016 Garden's Galore paid entire balance owed on account 15 3/19/2016 Sold $550,000 of trees and shrubs to Ray's Lawn Services on account, 2/10/30 16 3/20/2016 Ray's Lawn Services returned product they could not use, $22,000 17 3/23/2016 Ray's Lawn Services paid entire balance owed on account 18 3/31/2016 Paid operating expenses in cash, $40,780 19 6/25/2016 Purchased 2,000 shares of common stock for the treasury at $7/share 20 6/30/2016 Paid operating expenses in cash, $40,780 21 7/21/2016 Sold $440,000 of trees and shrubs to Gail's Garden's on account, 2/10/30 Liab ties ledy: Asset Ledgers (fxd AP Subsidiary Ledgers AR Subsidiary Ledgers General Journal nts Transactions