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Chapter 10 f - Accounting Cycle Project 16e sert Draw Page Layout Formulas Data Review View Automate O Tell me C] [3 Date July 1 Jul 1 Jul 1 Jul 1 Jul 3 July 5 Jul 7 Jul 10 Jul 12 14 July 15 July 15 July 17 Jul 19 Jul 20 Jul 21 July 23 July 25 Jul 27 July 2023 Transactions Descri tion of the Transaction Borrow $35,000.00 from 1st Bank by signing a 24 month note. (As an example of how to journalize and post a transaction this transaction has already been entered into the General Journal and Sted to the General Ledger. Receive $77,000.00 cash from new investors, and issue $77,000.00 of Common Stock to them. Purchase $30,000.00 of new mowin ui mentv a in cash to the mower dealer. Pa $500.00 cash for the Jul truck rental. Invoice a new customer $5,755.00 for; , .om leted mowin ob customer will a in 10 da s. The Board of Directors declares a cash dividend. The total amount of the dividend is $36,000.00 The Date of Record is set as Jul 15. The Date of Pa ment is set as Jul 31. Pa the em 10 ees $5,300.00 for work erformed durin the 1st week of Jul . Com lete a mowin ob fora new customer customer a s $6,910.00 cash for the ob. Collect $3,500.00 cash from the olf course fors ecial rush mowin ob com leted on Ma 31. P the em 10 ees $6, 100.00 for work erformed durin the 2nd week of Jul . Purchase $2,770.00 of supplies from the mower dealer. The supplies are consumed immediately. Lenn 's will a the mower dealer for the su lies in about 2 weeks. Collect $5,755.00 on account. The cash that is received is from the new customer for the job that was com leted on Jul 3. One of the original mowers purchased in January of 2022 broke down and is repaired by the mower dealer The cost of the Mower Re air ob is $965.00. Lenn 's will a the mower dealer in 30 da s. Purchase for cash $27,250. O of su lies. These su lies will be consumed over the next 12 months. Collect $30,000.00 from the ro rt mana ement com an for work rformed in June. Pa the em 10 ees $6,950.00 for work erformed durin the 3rd week of Jul Receive $19,200.00 advance payment from the university. The advance payment is for 6 months of work mich will be rformed from Au ust 1, 2023 to Janua 31, 2024 Complete a special mowing job for the golf course. The total price for the mowing job is $4,400.00. The olf course a s $1,000.00 cash on this date and will a the remainder on Au ust 25. Complete a mowin 0b for a new customer customer pa s $5,475.00 cash for the ob. Trans a Chart Accts Accessibility: Investigate 7