lennys January transactions

General journal

Lenny's Lawn Service, Inc. - Transactions. Additional Information July 2021 Transactions Date Description of the Transaction July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. ( Ashtojmed pool is transaction may be red JU July 1 Receive $69,300.00 cash from new investon, and issue $69,300.00 of Common Stock to them, July 1 Purchase $45,900.00 of new mowing equipment paying cash to the mower deler July 1 Pay $500.00 cash for the July truck rental July 3 Invoice aw customer $5, 185.00 for a completed mowing job - customer wil pay in 10 days July 5 The Board of Directors declares a cash dividend. The total amount of the dividend is $25,000.00 The Date of Record is set as July 15. The Date of Payment is set as July 31, July 7 Pay the employees $5,800.00 for work performed during the 1st week of July. July 10 Complete a mowing job for a new customer - customer pays $4,200.00 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 $7,000.00 for work performed during the 2nd week of July July 15 Purchase $1,020.00 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 $5,185.00 on account. The cash that is received is from the new customer for the job Trans Chart Acts Journal GL Assets GL L-Equy AGL Rev-Exp OD Directions Trial Bal Ready MacBook Air @ # 3 $ 4 % 5 & 7 * 8 2 6 W Q E R. T Y U L c