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I. On July 1 st , Gillian Gardener began Gillian s Gardening Services ( GGS ) and had the following transactions: 7 - 1 :

I. On July 1st, Gillian Gardener began Gillians Gardening
Services (GGS) and had the following transactions:
7-1: Gillian Gardener contributed $200,000 in cash to GGS.
7-1: GGS signed a lease and paid rent for July and August,
$20,000 in cash.
7-2: GGS purchased supplies on account from Home Depot for
$10,000
7-3: GGS provided Tara Taylor with gardening services and billed
her $300,000.
7-4: Gillian Gardener withdrew $20,000 cash from GGS.
7-5: GGS paid salaries expense in cash of $50,000
7-6: GGS paid the Home Depot Accounts Payable in cash,
$10,000.
7-7: GGS paid utility expense in cash, $10,000.
7-8: Tara Taylor paid her accounts receivable in cash $300,000.
7-9: GGS provided Bella Barnes gardening services and received
$100,000 cash.
7-10: GGS received cash of $60,000 from Lincoln Lancaster for
Gardening services to be provided in the future.
Record the transactions in the Journal, Post them to the ledger
and prepare a trial balance

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