July 1 July 2 July 2 July 3 July 5 July 5 July 5 July 5 July 8 July 9 July 9 July 10 July 11 x July 12 July 12 July 12 Lawrence Marcel School Of Music Transactions Signed a contract to provide a marching band for the countywide 4th of July celebration. The marching band is to provide three consecutive hours of service at a rate of $1,700 per hour. There will be 100 members in the marching band. Each marching band member will be paid by the music school at a rate of $10 per hour. Purchased music supplies on account, $5,000. Hired a professional instrument maintenance and tuner firm to adjust the musical instruments. The instrument maintenance firm provided the service and billed the music school $2,500. Took the music schools van for an oil change and other normal maintenance work. Paid $115 Received Payment for providing weekly individual lessons, $1.550. Received payment from the county for the marching bands performance on the 4th of July, $5,100. The marching band members will be paid for the three hours service that they provided on Friday, July 12th. (Note: requires two entries) Paid office employees their weekly salaries, $2,500. A Paid the musicians for services previously rendered which had been adequately recorded in June as an outstanding music wages payable, $1,700. Purchased office supplies, $500 Lawrence Marcel, the owner wrote a $650 business check which he used to pay his monthly personal car loan.. Purchased office equipment on account, $1,500. Paid an outstanding accounts payable balance, $3,200. Signed a contract to teach music lessons for the public school system. The students will attend the music school and the music school will in turn be paid $7.50 per hour for each student. This contract is effective immediately. However, in most situations the music school will not receive payment until two weeks after the services have been provided. Received weekly payment for providing individual music lessons, $1,300 Paid marching band members, $3,000. (Note: See July 5 transaction) Paid office employees, $2,500. 110