i need journal entry and trial balance please!!!

Instructions: You will be recording the July 2023 transactions for Lenny's Lawn Service, Inc. After recording the July transactions you will be preparing a Pre-Closing Trial Balance, Income Statement, Statement of Stockholders' Equity, Balance Sheet, and Post-Closing Trial Balance. You are given the following: July 2023 transactions and Additional Information - Trans tab Chart of Accounts with Account Numbers and Account Names - Chart Accts tab General Journal pages - Journal tab General Ledger - GL Assets, GL Liab-Equity, GL Rev-Exp tabs Forms for the July 31, 2023: Pre-Closing Trial Balance (Trial Bal tab), Income Statement and Calculation of Retained Earnings (IS \& RE tab), Balance Sheet (BalSht tab), and Post-Closing Trial Balance (Post Close TB tab) To Complete Your Workbook do the following: Print the July Transactions (click the Trans tab and then click the Printer Icon) Use YouR Transaction sheets - do not use another student's sheets Print the Chart of Accounts (click the Chart Accts tab and then click the Printer Icon) Record the July transactions in the General Journal. Click the Journal tab and record your entries directly into the General Journal. Look at the July 1 Notes Payable transaction, which has already been entered, for an example of how to make your entries. Do not put the "X" in the Posted column at this time. Use the printed Chart of Accounts as a reference source for the Account Numbers and Account Names that are available in Lenny's accounting system. July 2023 Transactions 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 joumalize and post a transaction - this transaction has already been entered into the General Joumal and posted to the General Ledger.) July 1 Receive $65,900.00 cash from new investors, and issue $65,900.00 of Common Stock to them. July 1 Purchase $68,700.00 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 $4,480.00 for a completed mowing job - customer will pay in 10 days. July 5 The Board of Directors declares a cash dividend. The total amount of the dividend is $32,000.00 The Date of Record is set as July 15. The Date of Payment is set as July 31. July 7 Pay the employees $5,650.00 for work performed during the 1 st week of July. July 10 Complete a mowing job for a new customer-customer pays $6,800,00 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 $6,500.00 for work performed during the 2nd week of July. July 15 Purchase $2,825.00 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. Lenny's Lawn Service, Inc. - Transactions - Additional Information July 2023 Transactions 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 journalize and post a transaction - this transaction has already been entered. into the General Joumal and posted to the General Ledger.) July 1 Receive $65,900.00 cash from new investors, and issue $65,900.00 of Common Stock to them. July 1 Purchase $68,700.00 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 $4,480.00 for a completed mowing job - customer will pay in 10 days. July 5 The Board of Directors declares a cash dividend. The total amount of the dividend is $32,000.00 The Date of Record is set as July 15 . The Date of Payment is set as July 31. July 7 Pay the employees $5,650.00 for work performed during the 1 st week of July. July 10 Complete a mowing job for a new customer - customer pays $6,800.00 cash for the jab. 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 $6,500.00 for work performed during the 2nd week of July. July 15 Purchase $2,825.00 of supplies from the mower dealer. The supplies are consumed immediately. July 15 Purchase $2,825.00 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 $4,480.00 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 2022 broke down and is repaired by the mower dealer. The cost of the Mower Repair job is $805.00. Lenny's will pay the mower dealer in 30 days. July 19 Purchase for cash $25,250.00 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 $7,050.00 for work performed during the 3rd week of July. July 23 Receive $23,100.00 advance payment from the univeraity. The advance payment is for 6 months of work which will be performed from August 1, 2023 to January 31,2024 July 25 Complete a special mowing job for the golf course. The totai price for the mowing job is $6,110.00. The golf course pays $2,000.00 cash on this date and will pay the remainder on August 25 . July 27 Complete a mowing job for a new customer - customer pays $4,500.00 cash for the job. July 27 Pay $2.825.00 cash to the mower dealer for the supplies purchased on account on July 15 . July 28 Pay the employees $6,995. 00 for work performed during the 4 th week of July. July 31 Invoice the property management company $19,900.00 for July mowing work. The property management company will pay the invoice on the 20 th of next month. July 31 Pay the cash dividend which was declared on July 5. Equipment: The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2022. For information related to this mowing equipment see Page 70 in the Solid Footing file CHAPTER 07 a - Intro to Adjusting Entries.pdf. 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, 2023: The new equipment was placed into service on July 1,2023 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: As the end of July there are $26,700.00 supplies on-hand. Mowing Service at the University: The monthly mowing service was provided to the university per the contract signed on April 1,2023. For information on the contract with the university and the related advance payment, see Pages 95 and 98 in the Solid Footing file CHAPTER 08 a - Adjusting Entries Continued.pdf. Wages Due the Employees: The last wage payment was made to the employees on July 28, 2023. The employees worked on July 29,30 , and 31. For these three days of work the employees eamed $2,230.00 of wages. These three days of wages will be paid to the workers during the first week of August. Bank Loan: 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, 2023. Lenny's calls the bank on July 31 and the bank indicates that the interest on the loan for July is $815.00. In this chapter, you will continue to use the Excel workbook that you used i i Chapter 7 entitled Chapter o7 b - LENNY'S LAWN SERVICE (used in Chp 7 to 10). If it abook is not open on your computer, do the following: Open the workbook Chapter o7 b-LENNY'S LAWN SERVCE (used in Chp 7 to 10) Enable Macros B April tab You should see Screen B A in the upper left comer of the screen. RECEIVE ADVANCE PAYMENT TRANSACTION On April 1, Lenny's signs a contract to perform lawn services for a new customer. The new customer is a university in the Tampa area. The contract Lenny's signs with the university stipulates that Lenny's will be paid an $8,000 monthly fee for the lawn servicas. As part of the contract agreement, the university agrees to pay the first four months of services in advance; thus Lenny's receives $32,000 cash from the university on April 1. The $32,000 debit to the Cash account records the increase in cash that results from the advance payment. The credit portion of this entry is to the Unearned Revenue liabiity account. The Uneamed Revenue account records the university's $32,000 daim to Lenny/5 assets. A liablity account is increased because Lenny's has a future obligation to perform $32,000 of services for the univeraity, and as of April 1, Lenny's has not eamed any of the $32,000. The Uneamed Revenue liability account is just ike any other lablity account. It reconds the claim to assets of someone (in this case, the university) who is not an owner of the business. The one thing that does make the Unearned Rovente account cifferent from most other liability accounts is that the Uneamed Revenue liablity will be "paid-off by Lenny's providing sarvices to the university - not by Lenny's paying cash to the university. APRIL'S UNEARNED REVENUE ADJUSTING ENTRY On April 1, when Lenny's signed the contract with the university, Lenny's was paid $32,000 in advance for the first four months of services. During the month of Apri, Lenny's performed the lawn services for the university. The timeline below shows the period of service covered by the $32,000 Lenny's received on April 1. You can see from the timeline that on April 1, Lenny's owed the university $32,000 of services. The original $32,000 entry into the Unearned Liability account reflected Lenny's $32,000 liability for future services to the university. The timeline also shows the period of time and the dollar amount of services the university is due as of the end of April. As of April 30, Lenny's owes the university three months of service. Each month of service has a value of $8,000; thus Lenny's owes the university $24,000 of future services as of April 30. Because the balance in the Unearned Revenue account tracks Lenny's liability for future services to the university, the April 30 balance in the Uneamed Revenue account should be $24,000. "T" Account Analysis for Asset and Liability Accounts