i have completed the begining of journal. but still need the depreciations and expenses for the bottom of it. Can you alos fill out the general ledgers, trial balance , income statement snd statement of stockholders equity, balance sheet and post close trial balance that would be much appreciated!

thanks

C2 Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recove x fx July 2021 Transactions Date Description of the Transaction July 1 Borto $35.000.00 from 1st Bank by signing a 24 month AN of ouma to- July Receive 10.000.00 chfrom investors and issue 362.000.000 Common Stock to the July 1 Purce $4140000 do mowing egipent paying canh to the mower deler July 1 Pays chytruckrental July 3 below condomer $4.800.00 2. completed mowing job cantorier will pay in 10 days duys The Board of Directors declares a cash dividend. The total amount of the dividend is 5.000.00 The Date of Records The Date of Paris et July 21 July Pay the employee for work performed during the 1st week DO July 10 Commowing for someone 4 200,00 cash for Ay 12 Collect 51.500 canh trom trage course for special ruh mowing completed on May 1 July Paytre employeus. $7.00 to work performed aring the end of July 15 Purchase 51.620.00 of supplied from the mower desier. The recommeinmedy Lars will pay the mower deler for the supplies in het we July 15 Collect U300.00 on account the cash this recevedis from the new customer for That was completo July 17 One of the original mowers purchased in January of 2000 broke down and is med ly the mower The cost of the Mower Repair bis S. Lanny's were the mower Seer in 30 days. July 19 Purchase for cash 122.750.00 lopi These sigles will be corredor the next mort 20 ColectX0.000 from the property management company for work pertama Jure July 21 Pay the employed 100.00 for work pertemul Gring the dwerk Aly hly Receive a $19.500.00 advance payment from the university. The payment is for more of work which will be performed from Aug. 11.2009 ya Complete a special mowing for the golf course. The price for the mowing job in 6.500.00 The game chodime and will pay temangat July 22 Compie amingjabora comer come pays OBO cash for the y Pay $120.00 homower the supplies puedased on 13 Partea 1000 work performed og July invoice the property management company $10.000 y mowing work. The property manaccory will pay thence on the next more July 31 Pated which was declared on Directions Trans Chart Acots Journal GL Assets GLU July 31 Pay the cash dividend which was declared on July 5. Additional Information Equipment: The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2020. For information related to this mowing equipment see Page 70 in the Solid Footing text (PDF 07 - Intro to Adjusting Entries) This equipment continues to be used and should be depreciated for the month of July. The following information relates to the new equipment which was purchased on July 1, 2021: The new equipment was placed into service on July 1, 2021 and should be depreciated for the month of July The estimated useful life of the new equipment is 5 years. - At the end of 5 years, the new equipment will have no future value and will be scrapped. The new equipment will be depreciated using the straight-line method. Supplies: At the end of July there are $24,300.00 supplies on-hand. Mowing Service at the University. The monthly mowing service was provided to the university per the contract signed on April 1, 2021. For information on the contract with the university and the related advance payment, soe Pages 95 and 98 in the Solid Footing text (PDF 08 - Adjusting Entries Continued). Wages Due the Employees The last wage payment was made to the employees on July 28, 2021. The employees worked on July 29, 30, and 31. For these three days of work the employees earned $3,200.00 of wages. These three days of wages will be paid to the workers during the first week of August The interest on the loan from 1st Bank will be paid every three months. The first interest payment to the bank will be made on September 30, 2021. Lenny's calls the bank on July 31 and the bark indicates that the interent on the loan for July is $810.00. Bank Loan: B2 JX Lenny's Lawn Service, Inc. - Chart of Accounts Account # Account Name 100 105 110 150 155 200 205 210 215 220 250 Assets: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Liabilities: Accounts Payable Wages Payable Interest Payable Unearned Revenue Dividends Payable Note Payable Equity: Common Stock Retained Earnings Revenues: Service Revenue Expenses: Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense 300 305 400 500 505 510 515 520 550 Directions Trans Chart Acats lournal NA 4 X fx 25000 Lenny's Lawn Service, Inc. General Journal Page 1 Account Name 2021 Math Day 7-1 Posted Credit Account Number 100 250 Debit 35,000.00 Cash Notes Payable Borrowed on Note Payable X x 35,000.00 7-1 100 300 cash common stock 62,000.00 62,000.00 150 Equipment cash 41,000.00 100 41,000.00 11 515 100 truck rental expense cash 500.00 500.00 2 105 400 accounts receivable service revenue 4,800.00 4,800.00 7-5 305 220 retained Gaming dividends payable 25,000.00 25,000.00 4 510 100 weges expense cash 5,800.00 5,800.00 100 400 4,200.00 service revenue 4,200.00 T-12 100 tos cash accounts receivable 3,500.00 3,500.00 744 510 wage spent 7,000.00 7,000.00 745 88 suppies experte accounts payable 1,020.00 1.020.00 7.15 100 4,800.00 4,800.00 Lennys Lawn Service, Inc. General Journal Directions Sa Chart Acets Journal GL Assets GL Liab-Equity Mau X fx 25000 Lenny's Lawn Service, Inc. General Journal Page 2 Posted Debit Credit 2021 Morth Day 7-17 Account Number 505 200 Account Name mower repair expenso accounts payable 450.00 450.00 7-19 110 supplies cash 22,750.00 100 22,750.00 7-20 100 105 cash accounts receivable 30,000.00 30,000.00 7-21 510 100 wages expense cash 7,100.00 7,100.00 7-23 100 215 cash unearned revenue 19,500.00 19,500.00 7-25 100 105 400 cash accounts receivable service revenue 500.00 5,000.00 5,500.00 7-27 100 400 cash service revenue 3,900,00 3,900.00 7.27 200 100 accounts payable cash 1,020.00 1,020.00 7-28 510 100 weges expense cash 6,100.00 6,100.00 7-31 105 400 accounts receivable service revenue 18,500.00 18,500.00 7-31 dividends payable 220 100 25,000.00 25.000.00 Lenny's Lawn Service, Inc General Journal PRO Directions Trans Chart Accts Journal GL Assets GL Lenny's Lawn Service, Inc. - General Journal Page 3 2021 Month Day Account Number Account Name Posted Debit Credit Lenny's Lawn Service, Inc. - General Journal Directions Trans Chart Accts Journal GL Assets G Recover Unsaved Workbooks. We were able to save changes to one or more files. Do y 184 x fx 25000 Lenny's Lawn Service, Inc.- General Journal Pages 2021 Are Account Name Pe Dobr Credit 011 A x V fx Lenny's Lawn Service, Inc. General Ledger Account # 100 Cash Journal Credit 2021 Montenay 7-1 7-1 Beginning Balance Debit 38.250.00 35,000.00 Balance 38,250.00 DE 73,250.00 DO 1 Account 105 Accounts Receivable 2021 Journal Credit Balance Debit 33,500.00 7.1 Beginning Bence 33,500.00 DE ACCUE 110 Supplies Credit Balance Directions Trans Chart Accts Journal GL Asset Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you C11 x & fox Account # 110 Supplies Journal Pages Debit Credit 2021 Month Day 7-1 Balance Beginning Balance 4,375.00 4,375.00 DO Account = 150 Equipment Journal Page Debit Credit 2021 More 7-1 Balance Beginning Balance 48,000.00 48,000.00 D Account # 155 Accumulated Depreciation 2021 More Day 7-1 Journal Page 1 Debit Credit Balance Beginning Balance 18,000.00 18,000.00 C10 Lenny's Lawn Service, Inc. General Ledger Account # 200 Accounts Payable Journal Page! Debit Credit 2021 Month-Day 7-1 Balance Beginning Balance 0.00 0.00 Gr Account # 205 Wages Payable 2021 Month Day 7-1 Journal Page! Debit Credit Balance Beginning Balance 0.00 0.00 Cr Account # 210 Interest Payable 2021 Monthey 741 Journal Pages Debit Credit Balance Beginning Balance 0.00 0.00C Account # 215 Unearned Revenue Jouma 2021 Month 741 Debit Credit Balance Beginning Balance 8,000.00 8.000.00 Account # 220 Dividends Payable Directions Trans Chart Accts Journal AGL Assets x Account # 220 Dividends Payable Journal Page 1 Debit Credit 2021 Month-Day 7-1 Beginning Balance Balance 0.00 0.00 CP Account # 250 Note Payable Journal Page! Debit 2021 Month-Day 741 7-1 Beginning Balance Credit 0.00 35,000.00 Balance 0.00 Cr 35,000.00 Cr 1 Account # 300 Common Stock 2021 Month-Day 7-1 Journal Page 1 Debit Beginning Balance Credit 50,000.00 Balance 50,000.00 Cr Account # 305 Retained Earnings 2021 Monte 7.1 Journal Page Debit Credit Beginning Balance Balance 48,125.00 CY 48,125.00 Directions Trans Chart Accts Journal GL Assets 10 Lenny's Lawn Service, Inc. - General Ledger Account # 400 Service Revenue Journal Page! Debit 2021 Month-Day 7-1 Beginning Balance Credit Balance 0.00 CE 0.00 Account # 500 Supplies Expense 2021 Month-Day Journal Debit Credit Beginning Balance Balance 0.00 Dr 0.00 Account 505 Mower Repair Expense 2021 JOM Pega Debit Credit 7-1 Beginning Balance 0.00 Balance 0.001 De Account 510 Directions Wages Expense Chart Accts Journal GL Assets Account # 510 Wages Expense 2021 North Day 7.1 Journal Pepe Debit Credit Balance Beginning Balance 0.00 0.00 Dr Account = 515 Truck Rental Expense 2021 Meena 761 Journal Papas Debit Credit Balance Beginning Balance 0.00 0.00 DE Account # 520 Depreciation Expense 2021 Journal Debit Credit Balance Beginning Balance 0.00 0.00 Dr Account 550 Interest Expenso 2021 Journal Debit Credit Balance 7.1 Beginning Balance 0.00 0.00 DE Pre-Closing Trial Balance Account Account Name Debit Credit 100 105 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 520 550 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Uneamed Revenue Dividends Payable Note Payable Common Stock Retained Earnings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals 0.00 0.00 Lenny's Lawn Service, Inc. Income Statement for the Month Ended July 31, 2021 CAUTION Enter amounts into the Financial Statements by typing in the amounts Do NOT copy cells from the General Ledger of Pre-Closing Triat Balance Service Revenue Operating Expenses: Supplies Mower Repair Wages Truck Rental Depreciation Total Operating Expenses Income from Operations Interest Expense Net Income Note the new line item on Lonny's Income Statement Income from Operations. This is Lenny's income from the normal operations of the lawn mowing business Interest Expense, which is not a cost of operating the business but rather a cost of financing the business, is shown below Income from Operations. Interest Expense is subtracted from Income from Operations to anive at Net Income 0.00 0.00 $0.00 Lenny's Lawn Service, Inc. Statement of Stockholders' Equity for the Month Ended July 31, 2021 This is the first time you have prepared a formal Statement of Stockholders' Equity for Lenny's. This statement shows what caused the change in Common Stock and in Retained Emmings from July 1, 2021 to July 31, 2021. Note that the Retained Earnings column on the statement looks different than the calculation you have been doing each month to determine the Retained Emings amount needed for the Balance Sheet Beginning Balance is the starting amount in previous retained Coming calculations, you used Current Balance as the starting arount. Beginning Balance is the starting point for this calculation, because Dividends is shown as a line item (a deduction) in the Retained Earrings column Common Retained Earnings Stock Beginning Balance July 1, 2021 Issue Common Stock Net Income Dividende Ending Balance July 31, 2021 Tot $0.00 0.00 0.00 000 The Ending Balance in the Retained rings column is the balance needed for the Balance Sheet 50.00 $0 00 $0.00 Lenny's - July 31, 2021 Post-Closing Trial Balance Account Debit Credit 100 CAUTION Enter amounts into the Post-Closing Trial Balance by typing in the amounts. Do NOT copy colls from the General Ledger. 105 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 520 550 Account Name Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Uneamed Revenue Dividends Payable Note Payable Common Stock Retained Eamings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals 0.00 0.00 ver Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? fx Date Description of the Transaction July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. (As an example of how to Journal and post transaction--this transaction has already been entead into the General Journal and posted to the General Ledger) OOOOOOOOO July 1 Receive $62,000.00 cash from new investors, and issue $62,000.00 of Common Stock to them July 1 Purchase $41,400.00 of new mowing equipment paying cash to the mower dealer July 1 Pay $500.00 cash for the July truck rental July 3 Invoice a new customer $4,800.00 for a completed mowing job - customer will pay in 10 days. July 5 The Board of Director declares a cash dividend. The total amount of the dividend is $25,000.00 The Date of Record is set as July 15. The Date of Payment is set as July 31. July 7 Pay the employees $5,800.00 for work perfomed during the 1st week of July July 10 Complete a mowing job for a new customer - customer pays $4,200.00 cash for the job. July 12 Collect $3.500.00 cash from the golf course for special rush mowing job completed on May 31. July 14 Pay the employees $7,000.00 for work performed dutieg the 2nd week of July July 15 Purchase $1,020.00 of supples from the mower dealet. The supples are consumed immediately. Lenny's will pay the mower dealer for the supplies in about 2 weeks July 15 Collect 4,800.00 on account. The cash that is received is from the new customer for the job that was completed on July 3. July 17 One of the original mowers purchased in January of 2020 broke down and is paired by the mower denler. The cost of the Mower Repair job is $450.00. Lenny's will pay the mower dealer in 30 days. July 19 Putchase for cash $22,750.00 of supplies. These supplies will be consumed over the next 12 months July 20 Collect $30,000.00 from the property management company for work performed in June July 21 Pay the employees $7.900.00 for work pedomed during the 3rd work of July July 23 Receive a $19,500.00 advance payment from the university. The advance payment is for 6 months of work which will be perfomed from August 1, 2021 to January 31 2022 July 25 Complete a special mowing job for the golf course. The total price for the mowing jobs $5,500.00 The golf coume pays $500.00 cash on this date and will pay the numainder on August 25 July 27 Complete a mowing pb for a new customer-customer pay $3.900.00 cash for the job . July 27 PEX.55.020.00.cash to the mower dealer for the supplies purchased on account on July 15 DDDD . Directions Trans Chart Accts Journal GL Assets AGL Liab-Equity GL MacBook cover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? x fx 16 WHATTERJERO DI D D July 14 Pay the employees $7.000.00 for work performed during the 2nd week of Joly July 15 Purchase $1,020.00 of supplies from the mower dealer. The supplies are consumed immediately Lenny's will pay the mower dealer for the supplies in about 2 weeks July 15 Collect $4,800.00 on account. The cash that is received is from the new customer for the job that was completed on July 3, July 17 One of the original mowers purchased in January of 2020 broke down and is repaired by the mower dealer. The cost of the Mower Repair job is $450.00. Lanny's will pay the mower dealer in 30 days July 19 Purchase for cash $22.750.00 of supples. These supplies will be consumed over the next 12 months. July 20 Colec $30,000.00 from the property management company for work performed in June July 21 Pay the employees $7.100.00 for work performed during the 3rd week of July. July 23 Receive a $19,500.00 advance payment from the university. The advance payment is for 6 months of work which will be perfomed from August 1, 2021 to January 31, 2022 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $5,500.00 The golf course pays $500,00 cash on this date and will pay the remainder on August 25 July 27 Complete a mowing job for a new customer customer pays $3,000.00 cash for the job July 27 Pay $1.020.00 cash to the mower dealer for the supplies purchased on account on July 15 July 28 Pay the employees 56,100.00 for work performed during the 4th week of July July 31 Invoice the property management company $18,500.00 for July mowing work. The property management company wil pay the invoice on the 20th of next month 0 July 31 Pay the cash dividend which was declared on July 5. D D Aditional Information Equipment The 548,000.00 beginning balance in the Equipment count relates to the mowing equipment which was purchased on January 2, 2020. For information related to this mowing equipment see Page 70 in the Solid Footing text PDF OT - Intro to Adjusting Entries) This equipment continues to be used and should be depreciated for the month of My The following infomation relates to the new equipment which was purchased on July 1, 2021 The new equipment was placed into service on July 1, 2021 and should be depreciated for the month of July - The estimated useful life of the new equipment is 5 years At the end of 5 years, the new equipment will have no future value and will be scrapped. The new equipment will be depreciated using the straightene method. Trans Chart Act Journal GL Assets GL Lab Equity Directions MacBool esc B I U . ligus to one or more files. Do you want to recover ther? fx July 28 Pay the employees $6,100.00 for work performed during the 4th week of July July 31 Invoice the property management company $18,500.00 for July mowing work. The property management company will pay the invoice on the 20th of next month. July 31 Pay the cash dividend which was declared on July 5. Additional Information Equipment The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2020. For information related to this mowing equipment see Page 70 in the Solid Footing text (PDF 07 - Intro to Adjusting Entries) This equipment continues to be used and should be depreciated for the month of July, The following information relates to the new equipment which was purchased on July 1, 2021: - The new equipment was placed into service on July 1, 2021 and should be depreciated for the month of July - The estimated useful life of the new equipment is 5 years. At the end of 5 years, the new equipment will have no future value and will be scrapped The new equipment will be depreciated using the straighting method Supplies: At the end of July there are $24,300.00 supplies on hand Mowing Service at the University: The monthly mowing service was provided to the university per the contract signed on April 1, 2021. For information on the contract with the university and the related advance payment, see Pages 95 and 98 in the Solid Footing text (PDF 08 - Adjusting Entries Continued) Wages Due the Employees The last wage payment was made to the employees on July 28, 2021. The employees worked on July 29, 30, and 31. For these three days of work the employees eamed $3,200.00 of wages. These three days of wages will be paid to the works during the first week of August. Bank Loan: The interest on the loan from fat Bata will be paid every three months. The first interest payment to the bank will be made on September 30, 2021. Lenny's calls the bank on July 31 and the bank indicates that the interest on the loan for July is $810.00 Directions Trans Chart Acets Journal GL Assets GL Liab-Equity MacBook ecover Unsaved Workbooks. We were able to save changes to one or more files. Do you Ax & fx Lenny's Lawn Service, Inc. - Chart of Accounts Account # Account Name 100 105 110 150 155 200 205 210 215 220 250 Assets: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Liabilities: Accounts Payable Wages Payable Interest Payable Unearned Revenue Dividends Payable Note Payable Equity: Common Stock Retained Earnings Revenues: Service Revenue Expenses: Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense 300 305 400 500 505 510 515 520 550 al = Ini Merge & Center Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? H29 fx 4200 Lenny's Lawn Service, Inc. - General Journal Page # 1 2021 Account Name Posted Month-Day Number Debit Credit 7-1 100 Cash 35,000.00 250 Notes Payable 35,000.00 Borrowed on Note Payable Account 7-1 100 300 cash common stock 62,000.00 62,000.00 7-1 150 100 Equipment cash 41,000.00 41,000.00 7-1 515 100 truck rental expense cash 500.00 500.00 7-3 105 400 accounts receivable service revenue 4,800.00 4,800.00 7-5 305 220 retained earnings dividends payable 25,000.00 25,000.00 7-7 510 100 wages exponse cash 5,800.00 5,800.00 7-10 100 cash service revenue + 4,200.00 400 4,200.00 7-12 100 105 cash accounts receivable 3,500.00 3,500.00 7-14 510 100 wage expenso cash 7,000.00 7,000.00 Directions 1 Trng Chart Accts A Journal LARA GL Assets GL Lieb-Equity MacB over UnSaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? Xfx 4200 7-14 510 wage expenso cash 7,000.00 100 7,000.00 7-15 500 200 supplies expense accounts payable 1,020.00 1,020.00 7-15 Cash 100 105 4,800.00 accounts receivable 4,800.00 Lenny's Lawn Service, Inc. - General Journal Page 2 2021 Account Name Posted Debit Credit Account Number 505 7.17 450.00 200 mower repair expense accounts payable 450.00 7-19 110 100 Supplies 22.750.00 cash 22,750.00 100 105 30,000.00 cash accounts receivable 30,000.00 7-21 7,100.00 510 100 wages expense Cash 7,100.00 7-23 19,500.00 100 215 ca unearned revenue 19,500.00 7.25 100 Gash accounts receivaba service revenge 500.00 5,000.00 400 5,500.00 Direction Trans Chart Act Journal GL Rev. GL Assets GL Lieb-Equity MacBook Pro esc U Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? 1 x Fx 4200 215 unearned revenue 19,500.00 7-25 100 105 400 cash accounts receivable service revenue 500.00 5,000.00 5,500.00 7-27 100 400 3,900.00 cash service revenue 3,900.00 7-27 200 100 accounts payable cash 1,020.00 1,020.00 7-28 510 wages expense cash 6,100.00 100 6,100.00 7431 105 400 accounts receivable service revenue 18,500.00 18,500.00 7-31 220 100 dividends payable cash 25,000.00 25,000.00 Lenny's Lawn Service, Inc. - General Journal Page 3 2021 AL Account Name Posted Debit Credit BO Chart Acat Journal AL Assets GL Liab-Equity MacBool esc B scover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? * fx 4200 Lenny's Lawn Service, Inc. - General Journal Pano # 3 2021 Account Nuwber Account Name Posted Debit Credit Cht Act loma OL Assets @OL Liab-Equity AGL MacBook esc R Home Insert Draw Page Layout Formulas Data Review View Tell me A A LO Wrap The Paste BT Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? c11 Lenny's Lawn Service, Inc. - General Ledger Account = 100 Cash CAVITION Enter amounts to the secourt by typing in the amount Do NOT copy cols from the General Journal into the accounts Credit Balance 2021 Month Day 741 7.1 Beginning Balance Debit 38,250.00 35,000.00 1 38,250.00 or 73.250.00 Account 105 Accounts Receivable 2021 Watch 7.1 Paget Debit Credit Beginning Balance 33,500.00 Balance 33,500.00 DE Directions Trans Chart Acets Journal BOL Assets GL Liab-Equity GL Rey MacBook PAT Account # 110 Supplies Journal Page Debit Credit 2021 Month-Day 7-1 Balanco Beginning Balance 4,375.00 4,375.00 Dr Account # 150 Equipment 2021 Month-Day 7-1 Beginning Balance Journal Page 1 Credit Debit 48,000.00 Balance 48,000.00 Dr Account # 155 Accumulated Depreciation 2021 Month-Day Journal Page Debit Balance Credit 18,000.00 Beginning Balance 18,000.00 A Directions Trans Chart Accts Journal GL Assets AC Recover Unsaved Workbooks. We were able to save changes to one or more nies. Do you want to recover them? 0 Lenny's Lawn Service, Inc. - General Ledger CAUTION Enter amounts into the accounts by typing in the amounts. Do NOT copy cells from the General Journal into the accounts. Account 200 Accounts Payable Journal Page Debit Credit 2021 Month-Day 7.1 Beginning Balance Balance 0.00 0.00 CE Account 205 Wages Payable Jouw Page Debit 2021 Monthey Beginning Balance Credit Balance 0.00 0.00 Account # 210 Interest Payable Juma Pages Debit Math.my 741 Credit Beginning Balance Balance 0.001C 0.00 Account 215 Unearned Revenue 2021 Debit Credit Balance Beginning Balance 8,000.00 8,000.00 Account 220 Dividends Payable Directions Trans Chart Aocto Journal GL Assets AGL Liab-Equity GL Rev.Exp x fx Account # 220 Dividends Payable Jouma Page Debit 2021 Month-Day 7-1 Beginning Balance Balance Credit 0.00 0.00 Cr Account # 250 Note Payable Journal Debit 2021 Month Day 7-1 7-1 Page 1 Credit Beginning Balance 0.00 35,000.00 Balance 0.00 Cr 35,000.00 C 1 + Account # 300 Common Stock 2021 Month-Day Beginning Balance Jour Page Debit Credit 50,000.00 Balance 50,000.00 C Account # 305 Retained Earnings 2021 Journal Debit 741 Beginning Balance Credit 48,125.00 Balance 48,125.00 C Directions Trans Chart Accts A Journal AGL Assets AGL Liat ecover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? ex fx Lenny's Lawn Service, Inc. General Ledger CAUTION Enter amounts into the accounts by typing in the amounts Account # 400 Service Revenue Do NOT copy cels from the General Journal into the accounts 2021 Jouma Debit Credit Balance Month-Day Page 7.1 Beginning Balance 0.00 0.00 C Account 500 Supplies Expense 2021 Journal Pad Debit Credit Balance 7.1 Beginning Balance 0.00 0.00 Dr Account 505 Mower Repair Expense = Page Debit Credit 741 Beginning Balance Balance 0.00 Dr 0.00 A510 Directions Waons Exen Trans Chart Accts Journal GL Assets AGL Liab-Equity GL Rev-Exp MARD Paste B 1 a. Av Merg Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recom C10 Account # 510 Wages Expense 2021 Month Day 7-1 Journal Page 2 Debit Credit Balance Beginning Balance 0.00 0.00 DE Account # 515 Truck Rental Expense 2021 Month-Day 7.1 Journa Pero Debit Credit Beginning Balance 0.00 Balance 0.00 Dr Account # 520 Depreciation Expense 2021 Month Day 7-1 Journal Page Debit Credit Balance Beginning Balance 0.00 0.00 D Account # 550 Interest Expense 2021 Month-Day 7-1 Journal Page! Debit Credit Balance Beginning Balance 0.001 0.00 DO Directions Trans Chart Accts Joumal GL Assets GL Jx Lenny's - July 31, 2021 Pre-Closing Trial Balance Account Account Name Debit Credit CAUTION Enter amounts into the Pre-Closing Trial Balance by typing in the amounts. Do NOT copy cells from the General Ledger 100 105 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 520 550 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Uneamed Revenue Dividends Payable Note Payable Common Stock Retained Earnings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals 0.00 0.00 - AS A SEU GL Rev.Exp OL Assets OL Lab Equity Journal Trans Dirobons Chart Act them 06 Lenny's Lawn Service, Inc. Income Statement for the Month Ended July 31, 2021 CAUTION Enter amounts into the Financial Statements by typing in the amounts Do NOT copy colls from the General Ledger of Pre-Cloning Trial Balance Service Revenue Operating Expenses Supplies Mower Repair Wages Truck Rental Depreciation Total Operating Expenses Income from Operations Interest Expenso Net Income Note the new line item on Lenny's Income Statement Income from Operations. This is Lonny's income from the normal operations of the lawn mowing business. Interest Expense, which is not a cost of operating the business but rather a cost of financing the business. Is shown below Income from Operations, Interest Expense is subtracted from Income from Operations to arrive at Net Income 0.00 0.00 $0.00 Lenny's Lawn Service, Inc. Statement of Stockholders' Equity for the Month Ended July 31, 2021 This is the first time you have prepared a formal Statement of Stockholders' Equity for Lenny's. This statement shows what caused the change in Common Stock and in Retained Eamingo from July 1, 2021 to July 31, 2021. Note that the Retained Earnings column on the statement looks different than the calculation you have been doing each month to determine the Retained Earings amount needed for the Balance Sheet Beginning Balance is the starting amount. In previous Retained Earnings calculations, you used Current Balince as the starting amount. Beginning wance is the starting point for this calculation, because Dividends is shown as a line item (a deduction) in the Retained Earrings column Common Stock Retained, Earings Beginning Bwance July 1, 2021 Issue Common Stock Not Income Dividends Ending Balance July 31, 2021 Tot $0.00 0.00 0.00 0.00 $0.00 The Ending Balance in the Retained Earnings column is the balance needed for the Balance Sheet $0.00 $0.00 Direction Chart Aucts dou GL Ants OLLEY OL Rev Exp 09 we were able to save changes to one or more lies. Do you want to recover them? x x Lenny's Lawn Service, Inc. CALUETON Balance Sheet Enter amounts into the Balance Sheet by typing in the amounts Do NOT copy cells from the General Ledger or Pre-Closing Trial Balance as of July 31, 2021 Assets Current Assets Cash Accounts Receivable Supplies Total Current Assets Property & Equipment: Equipment Accumulated Depreciation Property & Equipment, net Total Assets 0.00 0.00 $0.00 Note the following three new sub-totals appearing on Lenny's Balance Sheet Total Current Assets is a total of those assets which will turn into cash during the next 12 months or be consumed during the next 12 months. The comparison of Total Current Assets to Total Current Liabilities gives some indication of Lonny's liquidity - that is, its ability to pay its bills in the short-term. Property & Equipment, net is the amount of Fored Asset cost, which remains to be depreciated in future accounting periods. Total Current Liabilities is a total of those liabilities that will require payment in the next 12 months. In the case of Uneared Revenue, this current liability will be paid off by Lenny's delivering mowing services to the university 0.00 Liabilities & Stockholders' Equity Current Liabilities: Accounts Payable Wages Payable Interest Payable Uneamed Revenue Total Current Liabilities Long-Term Liabilities: Note Payable Total Liabilities Stockholders' Equity Common Stock Retained Eamingo Total Stockholders' Equity Total Liabilities & Stockholders' Equity 0.00 0.00 $0.00 18 A SEquity O Rev.Exp AOL Lab Equity GL Assets Direction Trans Chart Acats Journal Lenny's - July 31, 2021 Post-Closing Trial Balance Account Debit Credit CAUTION Enter amounts into the Post-Closing Trial Balance by typing in the amounts. Do NOT copy cells from the General Ledger 100 105 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 520 550 Account Name Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Uneamed Revenue Dividends Payable Note Payable Common Stock Retained Earnings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals 0.00 0.00 Trial Ball IS & SE Directions Chart Acts OL Liab Equity AOL Rev.Exp Trans Journal OL Assets C2 Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recove x fx July 2021 Transactions Date Description of the Transaction July 1 Borto $35.000.00 from 1st Bank by signing a 24 month AN of ouma to- July Receive 10.000.00 chfrom investors and issue 362.000.000 Common Stock to the July 1 Purce $4140000 do mowing egipent paying canh to the mower deler July 1 Pays chytruckrental July 3 below condomer $4.800.00 2. completed mowing job cantorier will pay in 10 days duys The Board of Directors declares a cash dividend. The total amount of the dividend is 5.000.00 The Date of Records The Date of Paris et July 21 July Pay the employee for work performed during the 1st week DO July 10 Commowing for someone 4 200,00 cash for Ay 12 Collect 51.500 canh trom trage course for special ruh mowing completed on May 1 July Paytre employeus. $7.00 to work performed aring the end of July 15 Purchase 51.620.00 of supplied from the mower desier. The recommeinmedy Lars will pay the mower deler for the supplies in het we July 15 Collect U300.00 on account the cash this recevedis from the new customer for That was completo July 17 One of the original mowers purchased in January of 2000 broke down and is med ly the mower The cost of the Mower Repair bis S. Lanny's were the mower Seer in 30 days. July 19 Purchase for cash 122.750.00 lopi These sigles will be corredor the next mort 20 ColectX0.000 from the property management company for work pertama Jure July 21 Pay the employed 100.00 for work pertemul Gring the dwerk Aly hly Receive a $19.500.00 advance payment from the university. The payment is for more of work which will be performed from Aug. 11.2009 ya Complete a special mowing for the golf course. The price for the mowing job in 6.500.00 The game chodime and will pay temangat July 22 Compie amingjabora comer come pays OBO cash for the y Pay $120.00 homower the supplies puedased on 13 Partea 1000 work performed og July invoice the property management company $10.000 y mowing work. The property manaccory will pay thence on the next more July 31 Pated which was declared on Directions Trans Chart Acots Journal GL Assets GLU July 31 Pay the cash dividend which was declared on July 5. Additional Information Equipment: The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2020. For information related to this mowing equipment see Page 70 in the Solid Footing text (PDF 07 - Intro to Adjusting Entries) This equipment continues to be used and should be depreciated for the month of July. The following information relates to the new equipment which was purchased on July 1, 2021: The new equipment was placed into service on July 1, 2021 and should be depreciated for the month of July The estimated useful life of the new equipment is 5 years. - At the end of 5 years, the new equipment will have no future value and will be scrapped. The new equipment will be depreciated using the straight-line method. Supplies: At the end of July there are $24,300.00 supplies on-hand. Mowing Service at the University. The monthly mowing service was provided to the university per the contract signed on April 1, 2021. For information on the contract with the university and the related advance payment, soe Pages 95 and 98 in the Solid Footing text (PDF 08 - Adjusting Entries Continued). Wages Due the Employees The last wage payment was made to the employees on July 28, 2021. The employees worked on July 29, 30, and 31. For these three days of work the employees earned $3,200.00 of wages. These three days of wages will be paid to the workers during the first week of August The interest on the loan from 1st Bank will be paid every three months. The first interest payment to the bank will be made on September 30, 2021. Lenny's calls the bank on July 31 and the bark indicates that the interent on the loan for July is $810.00. Bank Loan: B2 JX Lenny's Lawn Service, Inc. - Chart of Accounts Account # Account Name 100 105 110 150 155 200 205 210 215 220 250 Assets: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Liabilities: Accounts Payable Wages Payable Interest Payable Unearned Revenue Dividends Payable Note Payable Equity: Common Stock Retained Earnings Revenues: Service Revenue Expenses: Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense 300 305 400 500 505 510 515 520 550 Directions Trans Chart Acats lournal NA 4 X fx 25000 Lenny's Lawn Service, Inc. General Journal Page 1 Account Name 2021 Math Day 7-1 Posted Credit Account Number 100 250 Debit 35,000.00 Cash Notes Payable Borrowed on Note Payable X x 35,000.00 7-1 100 300 cash common stock 62,000.00 62,000.00 150 Equipment cash 41,000.00 100 41,000.00 11 515 100 truck rental expense cash 500.00 500.00 2 105 400 accounts receivable service revenue 4,800.00 4,800.00 7-5 305 220 retained Gaming dividends payable 25,000.00 25,000.00 4 510 100 weges expense cash 5,800.00 5,800.00 100 400 4,200.00 service revenue 4,200.00 T-12 100 tos cash accounts receivable 3,500.00 3,500.00 744 510 wage spent 7,000.00 7,000.00 745 88 suppies experte accounts payable 1,020.00 1.020.00 7.15 100 4,800.00 4,800.00 Lennys Lawn Service, Inc. General Journal Directions Sa Chart Acets Journal GL Assets GL Liab-Equity Mau X fx 25000 Lenny's Lawn Service, Inc. General Journal Page 2 Posted Debit Credit 2021 Morth Day 7-17 Account Number 505 200 Account Name mower repair expenso accounts payable 450.00 450.00 7-19 110 supplies cash 22,750.00 100 22,750.00 7-20 100 105 cash accounts receivable 30,000.00 30,000.00 7-21 510 100 wages expense cash 7,100.00 7,100.00 7-23 100 215 cash unearned revenue 19,500.00 19,500.00 7-25 100 105 400 cash accounts receivable service revenue 500.00 5,000.00 5,500.00 7-27 100 400 cash service revenue 3,900,00 3,900.00 7.27 200 100 accounts payable cash 1,020.00 1,020.00 7-28 510 100 weges expense cash 6,100.00 6,100.00 7-31 105 400 accounts receivable service revenue 18,500.00 18,500.00 7-31 dividends payable 220 100 25,000.00 25.000.00 Lenny's Lawn Service, Inc General Journal PRO Directions Trans Chart Accts Journal GL Assets GL Lenny's Lawn Service, Inc. - General Journal Page 3 2021 Month Day Account Number Account Name Posted Debit Credit Lenny's Lawn Service, Inc. - General Journal Directions Trans Chart Accts Journal GL Assets G Recover Unsaved Workbooks. We were able to save changes to one or more files. Do y 184 x fx 25000 Lenny's Lawn Service, Inc.- General Journal Pages 2021 Are Account Name Pe Dobr Credit 011 A x V fx Lenny's Lawn Service, Inc. General Ledger Account # 100 Cash Journal Credit 2021 Montenay 7-1 7-1 Beginning Balance Debit 38.250.00 35,000.00 Balance 38,250.00 DE 73,250.00 DO 1 Account 105 Accounts Receivable 2021 Journal Credit Balance Debit 33,500.00 7.1 Beginning Bence 33,500.00 DE ACCUE 110 Supplies Credit Balance Directions Trans Chart Accts Journal GL Asset Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you C11 x & fox Account # 110 Supplies Journal Pages Debit Credit 2021 Month Day 7-1 Balance Beginning Balance 4,375.00 4,375.00 DO Account = 150 Equipment Journal Page Debit Credit 2021 More 7-1 Balance Beginning Balance 48,000.00 48,000.00 D Account # 155 Accumulated Depreciation 2021 More Day 7-1 Journal Page 1 Debit Credit Balance Beginning Balance 18,000.00 18,000.00 C10 Lenny's Lawn Service, Inc. General Ledger Account # 200 Accounts Payable Journal Page! Debit Credit 2021 Month-Day 7-1 Balance Beginning Balance 0.00 0.00 Gr Account # 205 Wages Payable 2021 Month Day 7-1 Journal Page! Debit Credit Balance Beginning Balance 0.00 0.00 Cr Account # 210 Interest Payable 2021 Monthey 741 Journal Pages Debit Credit Balance Beginning Balance 0.00 0.00C Account # 215 Unearned Revenue Jouma 2021 Month 741 Debit Credit Balance Beginning Balance 8,000.00 8.000.00 Account # 220 Dividends Payable Directions Trans Chart Accts Journal AGL Assets x Account # 220 Dividends Payable Journal Page 1 Debit Credit 2021 Month-Day 7-1 Beginning Balance Balance 0.00 0.00 CP Account # 250 Note Payable Journal Page! Debit 2021 Month-Day 741 7-1 Beginning Balance Credit 0.00 35,000.00 Balance 0.00 Cr 35,000.00 Cr 1 Account # 300 Common Stock 2021 Month-Day 7-1 Journal Page 1 Debit Beginning Balance Credit 50,000.00 Balance 50,000.00 Cr Account # 305 Retained Earnings 2021 Monte 7.1 Journal Page Debit Credit Beginning Balance Balance 48,125.00 CY 48,125.00 Directions Trans Chart Accts Journal GL Assets 10 Lenny's Lawn Service, Inc. - General Ledger Account # 400 Service Revenue Journal Page! Debit 2021 Month-Day 7-1 Beginning Balance Credit Balance 0.00 CE 0.00 Account # 500 Supplies Expense 2021 Month-Day Journal Debit Credit Beginning Balance Balance 0.00 Dr 0.00 Account 505 Mower Repair Expense 2021 JOM Pega Debit Credit 7-1 Beginning Balance 0.00 Balance 0.001 De Account 510 Directions Wages Expense Chart Accts Journal GL Assets Account # 510 Wages Expense 2021 North Day 7.1 Journal Pepe Debit Credit Balance Beginning Balance 0.00 0.00 Dr Account = 515 Truck Rental Expense 2021 Meena 761 Journal Papas Debit Credit Balance Beginning Balance 0.00 0.00 DE Account # 520 Depreciation Expense 2021 Journal Debit Credit Balance Beginning Balance 0.00 0.00 Dr Account 550 Interest Expenso 2021 Journal Debit Credit Balance 7.1 Beginning Balance 0.00 0.00 DE Pre-Closing Trial Balance Account Account Name Debit Credit 100 105 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 520 550 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Uneamed Revenue Dividends Payable Note Payable Common Stock Retained Earnings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals 0.00 0.00 Lenny's Lawn Service, Inc. Income Statement for the Month Ended July 31, 2021 CAUTION Enter amounts into the Financial Statements by typing in the amounts Do NOT copy cells from the General Ledger of Pre-Closing Triat Balance Service Revenue Operating Expenses: Supplies Mower Repair Wages Truck Rental Depreciation Total Operating Expenses Income from Operations Interest Expense Net Income Note the new line item on Lonny's Income Statement Income from Operations. This is Lenny's income from the normal operations of the lawn mowing business Interest Expense, which is not a cost of operating the business but rather a cost of financing the business, is shown below Income from Operations. Interest Expense is subtracted from Income from Operations to anive at Net Income 0.00 0.00 $0.00 Lenny's Lawn Service, Inc. Statement of Stockholders' Equity for the Month Ended July 31, 2021 This is the first time you have prepared a formal Statement of Stockholders' Equity for Lenny's. This statement shows what caused the change in Common Stock and in Retained Emmings from July 1, 2021 to July 31, 2021. Note that the Retained Earnings column on the statement looks different than the calculation you have been doing each month to determine the Retained Emings amount needed for the Balance Sheet Beginning Balance is the starting amount in previous retained Coming calculations, you used Current Balance as the starting arount. Beginning Balance is the starting point for this calculation, because Dividends is shown as a line item (a deduction) in the Retained Earrings column Common Retained Earnings Stock Beginning Balance July 1, 2021 Issue Common Stock Net Income Dividende Ending Balance July 31, 2021 Tot $0.00 0.00 0.00 000 The Ending Balance in the Retained rings column is the balance needed for the Balance Sheet 50.00 $0 00 $0.00 Lenny's - July 31, 2021 Post-Closing Trial Balance Account Debit Credit 100 CAUTION Enter amounts into the Post-Closing Trial Balance by typing in the amounts. Do NOT copy colls from the General Ledger. 105 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 520 550 Account Name Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Uneamed Revenue Dividends Payable Note Payable Common Stock Retained Eamings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals 0.00 0.00 ver Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? fx Date Description of the Transaction July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. (As an example of how to Journal and post transaction--this transaction has already been entead into the General Journal and posted to the General Ledger) OOOOOOOOO July 1 Receive $62,000.00 cash from new investors, and issue $62,000.00 of Common Stock to them July 1 Purchase $41,400.00 of new mowing equipment paying cash to the mower dealer July 1 Pay $500.00 cash for the July truck rental July 3 Invoice a new customer $4,800.00 for a completed mowing job - customer will pay in 10 days. July 5 The Board of Director declares a cash dividend. The total amount of the dividend is $25,000.00 The Date of Record is set as July 15. The Date of Payment is set as July 31. July 7 Pay the employees $5,800.00 for work perfomed during the 1st week of July July 10 Complete a mowing job for a new customer - customer pays $4,200.00 cash for the job. July 12 Collect $3.500.00 cash from the golf course for special rush mowing job completed on May 31. July 14 Pay the employees $7,000.00 for work performed dutieg the 2nd week of July July 15 Purchase $1,020.00 of supples from the mower dealet. The supples are consumed immediately. Lenny's will pay the mower dealer for the supplies in about 2 weeks July 15 Collect 4,800.00 on account. The cash that is received is from the new customer for the job that was completed on July 3. July 17 One of the original mowers purchased in January of 2020 broke down and is paired by the mower denler. The cost of the Mower Repair job is $450.00. Lenny's will pay the mower dealer in 30 days. July 19 Putchase for cash $22,750.00 of supplies. These supplies will be consumed over the next 12 months July 20 Collect $30,000.00 from the property management company for work performed in June July 21 Pay the employees $7.900.00 for work pedomed during the 3rd work of July July 23 Receive a $19,500.00 advance payment from the university. The advance payment is for 6 months of work which will be perfomed from August 1, 2021 to January 31 2022 July 25 Complete a special mowing job for the golf course. The total price for the mowing jobs $5,500.00 The golf coume pays $500.00 cash on this date and will pay the numainder on August 25 July 27 Complete a mowing pb for a new customer-customer pay $3.900.00 cash for the job . July 27 PEX.55.020.00.cash to the mower dealer for the supplies purchased on account on July 15 DDDD . Directions Trans Chart Accts Journal GL Assets AGL Liab-Equity GL MacBook cover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? x fx 16 WHATTERJERO DI D D July 14 Pay the employees $7.000.00 for work performed during the 2nd week of Joly July 15 Purchase $1,020.00 of supplies from the mower dealer. The supplies are consumed immediately Lenny's will pay the mower dealer for the supplies in about 2 weeks July 15 Collect $4,800.00 on account. The cash that is received is from the new customer for the job that was completed on July 3, July 17 One of the original mowers purchased in January of 2020 broke down and is repaired by the mower dealer. The cost of the Mower Repair job is $450.00. Lanny's will pay the mower dealer in 30 days July 19 Purchase for cash $22.750.00 of supples. These supplies will be consumed over the next 12 months. July 20 Colec $30,000.00 from the property management company for work performed in June July 21 Pay the employees $7.100.00 for work performed during the 3rd week of July. July 23 Receive a $19,500.00 advance payment from the university. The advance payment is for 6 months of work which will be perfomed from August 1, 2021 to January 31, 2022 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $5,500.00 The golf course pays $500,00 cash on this date and will pay the remainder on August 25 July 27 Complete a mowing job for a new customer customer pays $3,000.00 cash for the job July 27 Pay $1.020.00 cash to the mower dealer for the supplies purchased on account on July 15 July 28 Pay the employees 56,100.00 for work performed during the 4th week of July July 31 Invoice the property management company $18,500.00 for July mowing work. The property management company wil pay the invoice on the 20th of next month 0 July 31 Pay the cash dividend which was declared on July 5. D D Aditional Information Equipment The 548,000.00 beginning balance in the Equipment count relates to the mowing equipment which was purchased on January 2, 2020. For information related to this mowing equipment see Page 70 in the Solid Footing text PDF OT - Intro to Adjusting Entries) This equipment continues to be used and should be depreciated for the month of My The following infomation relates to the new equipment which was purchased on July 1, 2021 The new equipment was placed into service on July 1, 2021 and should be depreciated for the month of July - The estimated useful life of the new equipment is 5 years At the end of 5 years, the new equipment will have no future value and will be scrapped. The new equipment will be depreciated using the straightene method. Trans Chart Act Journal GL Assets GL Lab Equity Directions MacBool esc B I U . ligus to one or more files. Do you want to recover ther? fx July 28 Pay the employees $6,100.00 for work performed during the 4th week of July July 31 Invoice the property management company $18,500.00 for July mowing work. The property management company will pay the invoice on the 20th of next month. July 31 Pay the cash dividend which was declared on July 5. Additional Information Equipment The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2020. For information related to this mowing equipment see Page 70 in the Solid Footing text (PDF 07 - Intro to Adjusting Entries) This equipment continues to be used and should be depreciated for the month of July, The following information relates to the new equipment which was purchased on July 1, 2021: - The new equipment was placed into service on July 1, 2021 and should be depreciated for the month of July - The estimated useful life of the new equipment is 5 years. At the end of 5 years, the new equipment will have no future value and will be scrapped The new equipment will be depreciated using the straighting method Supplies: At the end of July there are $24,300.00 supplies on hand Mowing Service at the University: The monthly mowing service was provided to the university per the contract signed on April 1, 2021. For information on the contract with the university and the related advance payment, see Pages 95 and 98 in the Solid Footing text (PDF 08 - Adjusting Entries Continued) Wages Due the Employees The last wage payment was made to the employees on July 28, 2021. The employees worked on July 29, 30, and 31. For these three days of work the employees eamed $3,200.00 of wages. These three days of wages will be paid to the works during the first week of August. Bank Loan: The interest on the loan from fat Bata will be paid every three months. The first interest payment to the bank will be made on September 30, 2021. Lenny's calls the bank on July 31 and the bank indicates that the interest on the loan for July is $810.00 Directions Trans Chart Acets Journal GL Assets GL Liab-Equity MacBook ecover Unsaved Workbooks. We were able to save changes to one or more files. Do you Ax & fx Lenny's Lawn Service, Inc. - Chart of Accounts Account # Account Name 100 105 110 150 155 200 205 210 215 220 250 Assets: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Liabilities: Accounts Payable Wages Payable Interest Payable Unearned Revenue Dividends Payable Note Payable Equity: Common Stock Retained Earnings Revenues: Service Revenue Expenses: Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense 300 305 400 500 505 510 515 520 550 al = Ini Merge & Center Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? H29 fx 4200 Lenny's Lawn Service, Inc. - General Journal Page # 1 2021 Account Name Posted Month-Day Number Debit Credit 7-1 100 Cash 35,000.00 250 Notes Payable 35,000.00 Borrowed on Note Payable Account 7-1 100 300 cash common stock 62,000.00 62,000.00 7-1 150 100 Equipment cash 41,000.00 41,000.00 7-1 515 100 truck rental expense cash 500.00 500.00 7-3 105 400 accounts receivable service revenue 4,800.00 4,800.00 7-5 305 220 retained earnings dividends payable 25,000.00 25,000.00 7-7 510 100 wages exponse cash 5,800.00 5,800.00 7-10 100 cash service revenue + 4,200.00 400 4,200.00 7-12 100 105 cash accounts receivable 3,500.00 3,500.00 7-14 510 100 wage expenso cash 7,000.00 7,000.00 Directions 1 Trng Chart Accts A Journal LARA GL Assets GL Lieb-Equity MacB over UnSaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? Xfx 4200 7-14 510 wage expenso cash 7,000.00 100 7,000.00 7-15 500 200 supplies expense accounts payable 1,020.00 1,020.00 7-15 Cash 100 105 4,800.00 accounts receivable 4,800.00 Lenny's Lawn Service, Inc. - General Journal Page 2 2021 Account Name Posted Debit Credit Account Number 505 7.17 450.00 200 mower repair expense accounts payable 450.00 7-19 110 100 Supplies 22.750.00 cash 22,750.00 100 105 30,000.00 cash accounts receivable 30,000.00 7-21 7,100.00 510 100 wages expense Cash 7,100.00 7-23 19,500.00 100 215 ca unearned revenue 19,500.00 7.25 100 Gash accounts receivaba service revenge 500.00 5,000.00 400 5,500.00 Direction Trans Chart Act Journal GL Rev. GL Assets GL Lieb-Equity MacBook Pro esc U Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? 1 x Fx 4200 215 unearned revenue 19,500.00 7-25 100 105 400 cash accounts receivable service revenue 500.00 5,000.00 5,500.00 7-27 100 400 3,900.00 cash service revenue 3,900.00 7-27 200 100 accounts payable cash 1,020.00 1,020.00 7-28 510 wages expense cash 6,100.00 100 6,100.00 7431 105 400 accounts receivable service revenue 18,500.00 18,500.00 7-31 220 100 dividends payable cash 25,000.00 25,000.00 Lenny's Lawn Service, Inc. - General Journal Page 3 2021 AL Account Name Posted Debit Credit BO Chart Acat Journal AL Assets GL Liab-Equity MacBool esc B scover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? * fx 4200 Lenny's Lawn Service, Inc. - General Journal Pano # 3 2021 Account Nuwber Account Name Posted Debit Credit Cht Act loma OL Assets @OL Liab-Equity AGL MacBook esc R Home Insert Draw Page Layout Formulas Data Review View Tell me A A LO Wrap The Paste BT Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? c11 Lenny's Lawn Service, Inc. - General Ledger Account = 100 Cash CAVITION Enter amounts to the secourt by typing in the amount Do NOT copy cols from the General Journal into the accounts Credit Balance 2021 Month Day 741 7.1 Beginning Balance Debit 38,250.00 35,000.00 1 38,250.00 or 73.250.00 Account 105 Accounts Receivable 2021 Watch 7.1 Paget Debit Credit Beginning Balance 33,500.00 Balance 33,500.00 DE Directions Trans Chart Acets Journal BOL Assets GL Liab-Equity GL Rey MacBook PAT Account # 110 Supplies Journal Page Debit Credit 2021 Month-Day 7-1 Balanco Beginning Balance 4,375.00 4,375.00 Dr Account # 150 Equipment 2021 Month-Day 7-1 Beginning Balance Journal Page 1 Credit Debit 48,000.00 Balance 48,000.00 Dr Account # 155 Accumulated Depreciation 2021 Month-Day Journal Page Debit Balance Credit 18,000.00 Beginning Balance 18,000.00 A Directions Trans Chart Accts Journal GL Assets AC Recover Unsaved Workbooks. We were able to save changes to one or more nies. Do you want to recover them? 0 Lenny's Lawn Service, Inc. - General Ledger CAUTION Enter amounts into the accounts by typing in the amounts. Do NOT copy cells from the General Journal into the accounts. Account 200 Accounts Payable Journal Page Debit Credit 2021 Month-Day 7.1 Beginning Balance Balance 0.00 0.00 CE Account 205 Wages Payable Jouw Page Debit 2021 Monthey Beginning Balance Credit Balance 0.00 0.00 Account # 210 Interest Payable Juma Pages Debit Math.my 741 Credit Beginning Balance Balance 0.001C 0.00 Account 215 Unearned Revenue 2021 Debit Credit Balance Beginning Balance 8,000.00 8,000.00 Account 220 Dividends Payable Directions Trans Chart Aocto Journal GL Assets AGL Liab-Equity GL Rev.Exp x fx Account # 220 Dividends Payable Jouma Page Debit 2021 Month-Day 7-1 Beginning Balance Balance Credit 0.00 0.00 Cr Account # 250 Note Payable Journal Debit 2021 Month Day 7-1 7-1 Page 1 Credit Beginning Balance 0.00 35,000.00 Balance 0.00 Cr 35,000.00 C 1 + Account # 300 Common Stock 2021 Month-Day Beginning Balance Jour Page Debit Credit 50,000.00 Balance 50,000.00 C Account # 305 Retained Earnings 2021 Journal Debit 741 Beginning Balance Credit 48,125.00 Balance 48,125.00 C Directions Trans Chart Accts A Journal AGL Assets AGL Liat ecover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? ex fx Lenny's Lawn Service, Inc. General Ledger CAUTION Enter amounts into the accounts by typing in the amounts Account # 400 Service Revenue Do NOT copy cels from the General Journal into the accounts 2021 Jouma Debit Credit Balance Month-Day Page 7.1 Beginning Balance 0.00 0.00 C Account 500 Supplies Expense 2021 Journal Pad Debit Credit Balance 7.1 Beginning Balance 0.00 0.00 Dr Account 505 Mower Repair Expense = Page Debit Credit 741 Beginning Balance Balance 0.00 Dr 0.00 A510 Directions Waons Exen Trans Chart Accts Journal GL Assets AGL Liab-Equity GL Rev-Exp MARD Paste B 1 a. Av Merg Recover Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recom C10 Account # 510 Wages Expense 2021 Month Day 7-1 Journal Page 2 Debit Credit Balance Beginning Balance 0.00 0.00 DE Account # 515 Truck Rental Expense 2021 Month-Day 7.1 Journa Pero Debit Credit Beginning Balance 0.00 Balance 0.00 Dr Account # 520 Depreciation Expense 2021 Month Day 7-1 Journal Page Debit Credit Balance Beginning Balance 0.00 0.00 D Account # 550 Interest Expense 2021 Month-Day 7-1 Journal Page! Debit Credit Balance Beginning Balance 0.001 0.00 DO Directions Trans Chart Accts Joumal GL Assets GL Jx Lenny's - July 31, 2021 Pre-Closing Trial Balance Account Account Name Debit Credit CAUTION Enter amounts into the Pre-Closing Trial Balance by typing in the amounts. Do NOT copy cells from the General Ledger 100 105 110 150 155 200 205 210 215 220 250 300 305 400 500 5