Mike Simonetti opened Mike's lawn service. The following transactions occured during July of the current year:

July1 : Simonetti invested $3,000 cash and $4,000 lawn equipment in the business.

July2 : paid $400 for rent for the month.

July7: received $4,500 cash for lawn services

July11: paid $150 for advertising in local paper.

July14: purchased office supplies on account $300

July16: paid $800 for lawn supplies.

July20: billed customers $2,000 for lawn services

July22: received a bill for $160 for July utilities, to be paid next month.

July25: paid $360 for a one year insurance policy.

July28: paid $200 to a creditor on account

July29: received $800 from customers on account

July31: Simonetti withdrew $1200 for personal use.

general ledger accounts; cash#111, acc.receivable #112, lawn supplies #115, office supplies #116, prepaid insurance #118, lawn equipment #141, acc. Payable #211, Mike Simonetti capital #311, Mike Simonetti withdrawals #312, lawn service revenue #411, advertising expense #513, utilities expense #521.

Record the transaction in the general journal, record the transaction to the general ledger , a trial balance on July 31, an income statement for the month ended July31, a statement of owners equity for ended July31 and a balance sheet. Trial balance $13.760

Bbalance sheet-Assets $11.850