need help woth chart acct, journal, gl assets, gl liab-equity, gl rev-exp, trial bal, is&sequity, bal sht and post close tb

July 2021 Transactions Date Description of the Transaction July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. (As an example of how to journalize and post a transaction - this transaction has already been entered into the General Journal and posted to the General Ledger.) July 1 Receive 562,000.00 cash from new investors, and issue 562,000.00 of Common Stock to them. July 1 Purchase $41,400.00 of new mowing equipment, paying cash to the mower dealer July 1 Pay $500.00 cash for the July truck rental. July 3 Invoice a new customer S4,800.00 for a completed mowing job - customer will 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 54,200.00 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 51,020.00 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 54,800.00 on account. The cash that is received is from the new customer for the job that was completed on July 3 July 17 One of the original mowers purchased in January of 2020 broke down and is repaired by the mower dealer. The cost of the Mower Repair job is $450.00. Lenny's will pay the mower dealer in 30 days. July 19 Purchase for cash $22.750.00 of supplies. These supplies will be consumed over the next 12 months. July 20 Collect $30,000.00 from the property management company for work performed in June July 21 Pay the employees $7 100 00 for work performed during the 3rd week of July July 23 Receive a $19,500 00 advance payment from the university. The advance payment is for 6 months of work which will be performed from August 1, 2021 to January 31, 2022 Directions Trans Chart Acces Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Bal IS & SEquity Form Font Alignment Number Lenny's will pay the mower dealer for the supplies in about 2 weeks July 15 Collect $4,800.00 on account. The cash that is received is from the new customer for the job that was completed on July 3 July 17 One of the original mowers purchased in January of 2020 broke down and is repaired by the mower dealer. The cost of the Mower Repair job is $45000 Lenny's will pay the mower dealer in 30 days July 19 Purchase for cash $22.750 00 of supplies. These supplies will be consumed over the next 12 months July 20 Collect $30,000.00 from the property management company for work performed in June. July 21 Pay the employees 57,100.00 for work performed during the 3rd week of July July 23 Receive a $19,500.00 advance payment from the university The advance payment is for 6 months of work which will be performed from August 1, 2021 to January 31 2022 July 25 Complete a special mowing job for the golf course. The total price for mowing job is $5,500.00 The golf course pays $500.00 cash on this date and will pay the remander on August 25 + July 27 Complete a mowing job for a new customer-customer pays $3.900 00 cash for the job July 27 Pay 51 020,00 cash to the mower dealer for the supples purchased on account on July 15 July 28 Pay the employees 55,100.00 for work performed during the 4th week of July July 31 rvice the property management company $18.500.00 for Jy mowing work. The property management company will pay the invoice on the 20th of next month July 31 Pay the cash dividend which was declared on July 5. Additional Information Equipment The 548.000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2020. For information related to this mowing equipment see Page 70 in the Solid Footing text (PDF 07 - Intro to Adjusting Entries) This equipment continues to be used and should be depreciated for the month of July The following information relates to the new equipment which was purchased on July 1, 2021 - The new equipment was placed into service on July 1, 2021 and should be depreciated for the month of July The estimated useful life of the new equipment is 5 years At the end of 5 years, the new equipment will have no future value and will be scrapped The new equipment will be depreciated using the stragh-line method Trans Chart Act Journal GL Assets GL Lab Equity GL Rev Exp Trial al Deco is & Equity BalSM Post Close Type here to search O Unnath Salagram Lenny's Lawn Service, Inc. - General Journal Page #1 7021 Posted Credit Debit 35,000.00 35,000.00 Account Month Day Number Account Name 7-1 100 Cash 250 Notes Payable Borrowed on Note Payable 100 Cash 7.1 300 Common Stock 62,000.00 62,000.00 7-1 Dwettons Chart Acets GL Assets GL Lab Equity GL RevExp Trial Bal IS & SEquity Balsht Po Type here to search Data Search Review View Help Formulas Home Insert Draw Page Layout Arial 29 Wrap Tort Merge Center 12 - AA EEE A s-% 9 X Cut Copy Format Painter Clipboard Conditional Formatting BLUE Number Font Alignment Account # 100 Cash by typing in the amounts Do NOT copy cells from the General Journal into the accounts Journal Page 1 Debit Credit Balance 2021 Month Day 7-1 Beginning Balance 7-1 38 250.00 35,000.00 38 250 00 DI 73 250 00 DE 1 Account 105 Accounts Receivable 2021 Journal Page 1 Debit Credit 7.1 Beginning Balance 33,500.00 Balance +3,500.00 DE Direction Trans Chart Acts Journal GL Assets GL Lab Equity GL Rev.Exp Trial Bal IS & SEquity Balsht Type here to search is Paste Format Painter Clipboard Number Font Alignment G11 Account # 110 Supplies Journal Page Debit 2021 Month-Day 7-1 Beginning Balance Credit Balance 4,375.00 DE 4,375.00 Account : 150 Equipment 2021 Month-Day 7-1 Beginning Balance Journal Page Debit Credit Balance 48,000.00 48,000.00 DE Account # 155 Accumulated Depreciation 2021 May 7.1 Beginning Balance Journal Page Debit Credit 18,000.00 Balance 18,000.00 Dredice Chart Acds Journal GL Assets GL Liab-Equity GL Rev Exp Trial Bal Type here to search IS & SEquity Arial 2 Wrap Text 110 A A X Cut 0 Copy Format Painter Merge & Center $ - %95882 fo Alignment Number Clipboard Font 10 Account # 200 Accounts Payable Enter amounts into th by typing in the amoun Do NOT copy cells from General Journal into ti accounts Journal Page 8 Debit 2021 Month Day 7-1 Beginning Balance Credit Balance 0.00 CI 0.00 Account # 205 Wages Payable Journal Debit Credit 2021 Month-Day 7-1 Beginning Balance Balance Page 0.00 0.00 CE Account # 210 Interest Payable 2021 Month-Day 7-1 Beginning Balance Journal Page Debit Credit Balance 0.00 0.00 CE + Account #215 Unearned Revenue 2021 Month Day 7-1 Beginning Balance Journal Page Debit Credit 8,000.00 Balance 8,000.00 C Directions Trans Chart Acas Journal GL Assets GL Liab Equity GL Rev-Ezip Trial Bal IS & SEquity Type here to search o Font Alignment Clipboard Account # 220 Dividends Payable Debit Journal Page 3 Credit Balance 2021 Month-Day 7-1 Beginning Balance 0.00 0.00 C Account # 250 Note Payable Journal Page 3 Debit Credit Balance 2021 Month-Day 7-1 Beginning Balance 7-1 0.00 35,000.00 0.00 CM 35,000.00 C Account # 300 Common Stock Journal Page Debit 2021 Month-Day 7-1 Beginning Balance Balance Credit 50,000.00 50,000.00 CE Account # 305 Retained Earnings 2021 Month Day 7-1 Beginning Balance Journal Page 1 Debit Credit 48,125.00 Balance 48,125.00 Cr Directions Tran Chart Accts Journal GL Assets GL Liab Equity GL Rev-Exp Trial Bal IS & Type here to search PI Arial 112 AA Merge & Center $ - % X Cut LL Copy Format Painter Clipboard BTV - A Number Alignment Font 346 by typing in the amounts Do NOT copy cells from the General Journal into the accounts Account # 400 Service Revenue Journal Page 1 Balance Debit Credit 2021 Month-Day Beginning Balance 0.00 0.00 CE Account # 500 Supplies Expense Journal Page 3 Credit Balance Month-Day 7-1 Beginning Balance Debit 0.00 0.00 DI Account #505 Mower Repair Expense 2021 Journal Page Debit Credit 7-1 Beginning Balance 0.00 Balance 0.00 DY Directions Trans Chart Acets Journal GL Assets GL Liab-Equity GL Rev Exp Trial IS & SEquity Type here to search BE Salagra AutoSave View Help e Search Data Review Formulas File Home Insert Page Layout Draw Xcut $ - % BTU Paste romat Painter Clipboard Alignment Number Font > G46 Account # 510 Wages Expense Journal Page Debit Credit Balance 2021 Month-Day 7-1 Beginning Balance 0.00 0.00 Account #615 Truck Rental Expense Journal Page Debit 2021 Month-Day 7.1 Beginning Balance Credit Balance 0.00 DE 0.00 Account # 520 Depreciation Expense 2021 Journal Page Debit Credit 7-1 Beginning Balance Balance 0.00 DE 000 Account # 550 Interest Expense 2021 Methy Debit Journal Page Chart Act Credit Balance Direction Journal GL Assets GL Lieb-Equity GL Rev Exp Trial Bal IS & SEquity Bals Type here to search Alignment Format Painter Clipboard Font G46 LU Page 0.00 DI Month-Day 7-1 0.00 Beginning Balance Account # 520 Depreciation Expense Debit Credit Journal Page # Balance 2021 Month-Day 7-1 Beginning Balance 0.00 0.00 DE Account # 550 Interest Expense Journal Page Debit Credit 2021 Month-Day Beginning Balance Balance 7-1 0.00 0.00 Dr Unnath Salagram Lenny's - July 31, 2021 Pre-Closing Trial Balance Account # Account Name Debit Credit CAUTIO Enter amounts into the Pre Balance by typing in the ar 100 105 Do NOT copy cells from the u 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Uneared Revenue Dividends Payable Note Payable Common Stock Retained Earnings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals 520 550 0.00 0.00 Direction Chart Acas Journal GL Assets GL Liab-Equity Type here to search GL Rev Exp Trial Bal O i Alignment Format Painter Clipboard Font D6 Unnath Salagram Lenny's Lawn Service, Inc. Income Statement for the Month Ended July 31, 2021 CAUTION Enter amounts into the Financial Statements by typing Do NOT copy cells from the General Ledger or Pre-Clos Service Revenue Operating Expenses Supplies Mower Repair Wages Truck Rental Depreciation Total Operating Expenses Income from Operations Interest Expense Net Income Note the new line item on Lenny's Income State Income from Operations. This is Lenny's inco the normal operations of the lawn mowing busine Interest Expense, which is not a cost of operatiu business but rather a cost of financing the busine below Income from Operations. Interest Expense from Income from Operations to arrive at Net Inco 0.00 0.00 $0.00 Lenny's Lawn Service, Inc. Statement of Stockholders' Equity for the Month Ended July 31, 2021 This is the first time you have Stockholders' Equity for Lennu caused the change in Common from July 1, 2021 to July 31, 2C column on the statement looks have been doing each month to amount needed for the Balance starting amount. In previous used Current Balance as the sta is the starting point for this calce as a line item (a deduction) in Common Stocks Retained Earnings Beginning Balance July 1, 2021 Issue Common Stock Net Income Dividends Ending Balance July 31, 2021 Total $0.00 0.00 0.00 0.00 $0.00 50.00 $0.00 The Ending Balance in the Ret needed for the Balance Sheet. Directions Trans Chart Acts Journal GL Assets GL Liab-Equity Type here to search GL Rev-Exp Paste Format Painter Alignment Font Clipboard X f 09 Unnath Salagram Lenny's Lawn Service, Inc. Balance Sheet as of July 31, 2021 CAUTION Enter amounts into the Balance Sheet by ty Do NOT copy cells from the General Ledge Note the following three new sub-tota Lenny's Balance Sheet 0.00 Assets Current Assets Cash Accounts Receivable Supplies Total Current Assets Property & Equipment: Equipment Accumulated Depreciation Property & Equipment, net Total Assets 0.00 Total Current Assets is a total of tho which will turn into cash during the ne be consumed during the next 12 mont comparison of Total Current Assets to Liabilities gives some indication of Len that is, its ability to pay its bills in the s Property & Equipment, net is the ama Asset cost, which remains to be deprec accounting periods $0.00 Total Current Liabilities is a total of th liabilities that will require payment in the months. In the case of Unearned Reves current liability will be "paid-off" by Lenn moling services to the university Liabilities & Stockholders' Equity Current Liabilities Accounts Payable Wages Payable Interest Payable Uneamed Revenue Total Current Liabilities Long-Term Liabilities: Note Payable Total Liabilities Stockholders' Equity Common Stock Retained Earrings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 0.00 0.00 0.00 SO 00 Directions Trans Chant Acchi Journal GL Assets GL Liab-Equity Type here to search GL Rev-Exp O all b copy BIU Paste Format Painter Alignment Font Clipboard x fo E6 Unnath Salagram Lenny's - July 31, 2021 Post-Closing Trial Balance Debit Credit Account Account Name Enter amounts in Balance by typing Do NOT copy cell 100 105 110 150 155 200 205 210 215 220 250 300 305 400 500 505 510 515 520 550 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Unearned Revenue Dividends Payable Note Payable Common Stock Retained Earnings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals 0.00 0.00 Directions