Lenny's Lawn Service, Inc. - General Ledger Account # 400 Service Revenue Journal Page Debit Bali 2021 Month Day 7-1 Beginning Balance Credit 0.00 Lenny's Lawn Service, Inc. - Transactions - Additional Information July 2021 Transactions Description of the Transaction Borrow $35,000.00 from 1st Bank by signing a 24 monthnote (As an example of how to journice and post transaction this transaction has already bungenter into the Canal Journal and posted to the General Ledger 1 Receive $68.70000 cash from new inwestors and issue $68,700.00 Common Stock to them 1 Purchase 544,700,00 of new mowing equipment, paying cash to the mower dealer 1. Pay 5.500.00 cash for the July truck rental. Invoice a new customer $5, 130 00 for a completed mowing job customer will pay in 10 days 15 The Board of Directors declares a cash didend. The total amount of the dividend is $25,000.00 The Date of Record is not a July 15 The Date of Payment is set as July 31 7 Pay the employees 35.800.00 for work performed during the 1st week of July 10 Complete a mowing for a new customer customer pays $4,200.00 cath for the job y 12 Collect $9.5000 cash from the golf course for special rush mowing job completed on May 31 y 14 Pay the employees 37.000.00fe work performed during the 2nd week of July V 15 Purchase $1,020.00 of supplies from the mower dealer. The supplies are consumed inmediately Lenny's will pay the mowe tale for the supplies in about 2 weke y 15 Collect 5.23000 on account. The cash tutis receive is to the new customer for the job that was called on July wly 17. One of the original mowers pochet in January of 2020 broke down and is repared by the The cost Repas 75.00 Lewy w pay the wordea 30 days luly 19 Parches bath 2.250.00 Lagos These will comedor the next 12 month Account 500 Supplies Expense Journal Page Credit Bala 2021 Month Day 71 Beginning Balance Debit 0.00 Account 505 Mower Repair Expense Sour Pages Credit Balar 2021 Month Day Beginning Balance Data 0.00 Trane Journal OLAR chi Linh | y Thala D Journal Chart Aceh GL Assets Lieb-Euty o 2 O P Type here to search 12 15