Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

larrys lawn services answers need help getting the general journal and ledgers I cant get them to balance 14 6/19 15 6/20 16 6/20 17

larrys lawn services answers

image text in transcribed

image text in transcribed

need help getting the general journal and ledgers I cant get them to balance

14 6/19 15 6/20 16 6/20 17 6/21 18 6/23 Paid Kristy Walker $25 for transportation Mr. and Mrs. Bronson are leaving on an extended vacation. They paid Larry $200 in advance for work to be performed later. Paid Ralph's Service Center $40. Fifteen dollars of the $40 was for gas, $20 was for supplies, and $5 was for Larry's lunch. Larry paid $5 to his parents for long distance calls that were business related (miscellaneous expense). Completed another $100 of yard work for Mr. Mauney. Larry presented Mr. Mauney with a bill, but Mr. Mauney was unable to pay him at this time. Paid Kristy Walker $20 for transportation. Collected $75 from Mrs. Collins for lawn care performed that week. Paid Ralph's Service Center a total of $15. Ten dollars was for gas and oil, and $5 was for spark plugs (repair). Larry withdrew for personal use $20 in cash from the business checking account. Collected $40 from Mr. Mauney on the amount he owed Larry. Paid Chun Yan Wong $110. One hundred dollars was on the principal of the note, and $10 was for interest. 19 6/24 20 6/26 21 6/26 22 6/28 23 6/29 24 6/30 . Date 1 6/2 2 6/2 3 6/4 6/5 4 6/6 5 6/9 Narrative ot Transactions Transaction Larry deposited $500 of his own money into a business checking accounting to start his lawn care service Larry borrowed $1.000 from his cousin, Chun Yan Wong, by signing a note payable. The terms of the note were 120 interest, with $100 per month to be paid on the principal plus any accrued interest Paid $720 for lawn mower with an estimated life of three years. Made an arrangement with a school mate. Kristy Walker, to provide transportation in her pickup truck Paid $120 for a weed trimmer with an estimated useful life of two years. Paid $75 for various supplies to be used in the business Paid $35 to the local newspaper for an advertisement about Larry's Lawn Care. Paid $10 to Ralph's Service Center for gas and oil Performed lawn service for Mrs. Washington and collected $60. Received a memo from the bank, charging Larry's Lawn Care $10 for its first check order (miscellaneous expense).. Collected $140 from Mr. and Mrs. Silva for lawn work performed that week Dropped the trimer and broke the handle. Paid $35 to have it repaired. Collected Ses from Mr. Mauney for work performed over the last two days. Paid $25 for handbills that Larry distributed through the neighborhood, advertising his services. 6 6/9 7 6/10 8 6/11 9 6/13 10 6/15 11 6/17 12 6/18 13 6/18

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions