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Journalize Transactions from This Month Jan. 1 Issued 5,000 shares of Landscape Services common stock for $11,000. Each share has a $2 par. 1 Borrowed

Journalize Transactions from This Month

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Jan. 1 Issued 5,000 shares of Landscape Services common stock for $11,000. Each share has a $2 par. 1 Borrowed $6,000 on a 2-year, 4% note payable. 1 Paid $9,020 to purchase used mowing equipment from a company going out of business ($4,820 was for the lawnmower and $4,200 for the trailer). 1 Paid $220 for January Internet and phone services. 1 Issued a 500,000 8% 5 year bond. Interest is payable July 1 and January 1 3 Purchased landscaping supplies for $980 on account. 4 Hired 4 employees. Each will be paid $480 per 5-day work week (Monday-Friday). Employees will begin working Monday, February 9. ***decide if this is a financial transaction 5 Obtained insurance coverage. Kayla paid $2,460 cash for the first quarter of coverage. 5 Kayla sold the trailer for $3,950 cash. 16 Billed customers $3,900 for landscape services performed through January 13, 2020. 17 Received $540 from a customer for 4 weeks of landscape services to begin February 1, 2020. 18 Paid $300 on amount owed on landscape supplies. 20 Paid $3 per share to buy 300 shares of Landscape Services common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares. 23 Billed customers $4,300 for cleaning services performed through January 20. 24 Paid cash for employees' wages for 2 weeks (January 9-13 and 16-20). 25 Collected $2,500 cash from customers billed on January 16. 27 n.720 TL 27 Paid $220 for Internet and phone services for February. 28 Declared and paid a cash dividend of $0.20 per share. **think about how many shares are outstanding 28 Bought a $1,000 bond that pays 8% interest (trading) 28 Bought 5 shares of Jackson $5 par value common stock for $8 per share (trading) 1-Jan Internet Expense 220 Cash 220 1-Jan Notes Receivable 500000 Cash 500000 3-Jan Supplies 980 Accounts Payable 980 4-Jan Hired Employess 5-Jan Prepaid Insurance 2460 Insurance Expense 2460 5-Jan Cash 3950 Equipment 3950 16-Jan Accounts Receivable 3900 Service Revenue 3900 17-Jan Cash 540 Unearned Service Revenue 540 18-Jan Accounts Payable 300 Cash 300 20-Jan Treasury Stock 900 Cash 900 23-Jan Accounts Receivable 4300 Service Revenue 4300 23-Jan Accounts Receivable 4300 Service Revenue 4300 24-Jan Wages Expense 4800 Cash 4800 25-Jan Cash 2500 Accounts Receivable 2500 27-Jan Internet Expense 220 Cash 220 28-Jan Dividends Cash 28-Jan Cash Bonds Payable 28-Jan Common Stock Cash

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