needing help on the last 4 pictures, included all the other information that youd need. need help on the pre and post close trial balance and the income statement, statement of stock holders equity and balance sheet
Lenny's Lawn Service, Inc. - Transactions - Additional Information July 21 Pay the employees $7,050,00 for work performed during the 3 rd week of July. July 23 Recelve $20,850.00 advance payment from the university. The advance payment is for 6 months of work which will be performed from August 1,2023 to January 31, 2024 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $5,600,00. The golf course pays $2,000,00 cash on this date and will pay the remainder on August 25. July 27 Complete a mowing job for a new customer - customer pays $4,500.00 cash for the j0b. July 27 Pay $2,825.00 cash to the mower dealer for the supplies purchased on account on July 15. July 28 Pay the employees $6,995.00 for work performed during the 4 th week of July. July 31 Invoice the property management company $19,150.00 for July mowing wark. The property manapement company will pay the invoice on the 20 th of next month. July 31 Pay the cash dividend which was declared on July 5. Enter amounts into the typing in the amounts. Do NOT copy cells fror Joumal into the accour Enter amounts int typing in the amou Do NOT copy cell Journal into the ac CAUTION Enter amounts into the account typing in the amounts: Do NOT copy cells from the Ge Joumal into tre accounts. Enter amounts into the Pre-Closing Triat Balance b byping in the amounts. Do NOT copy cells from the General Ledger. CAUTION Enter ansounts into the Financal Statements by typing in the arnounts. Do NoT copy cels from the General Lodfer or Pre-Closing Trial Balance. Note the new lne item on Lenny's Incorne Statement Income from Operations. This is Leney's income from the nontal operations of the lanel mowing business. Interest Expense, ahich is not a cost of operating the. business but resher a cost of financing the business, is shown below Inceme from Operations. Interest Expense is subtheled from Income from Operations to arive at Net income. This is the first time you have prepared a formal statement of Stockholders' Equity for Lenmy's. This statement shows what caused the change in Common Stock and in Retained Eamings from July 1, 2023 to July 31, 20ed. Note that the Rotained Eamings colume on the atatement locks diferent than the caloulation you have been doing each month to dedemine the fetained Elanings amount needed for the Balance Sheet. Deginning Ealance is the starting amount. in previous Retaned Eamings calculations, you used Carent falance as the starting arnount. Aleginning talance is the starting point for this calculation, bocause Dividends is shown as a line liem (a deduction) in the Rotained Eanings column. The Ending falance in the Peained Eamings column is the balance needed for the Ealance sheet. Entor amounts into the Balance Sreer by fyping in the amounts. Do NOT copy cells from the Genera Ledger or Pre-Closing Trial Balance. Note the following three new sub-totals appearing on Lenry's Balarice Shoot: Total Current Assets is a fotal of those assets, Which wal tum-into cash during the noxt 12 months of be consumed during the noxt 12 months. The comparison of Totai Curtent Asets to Total Current Liabilites gives some indication of Lenry/s liquidity that is, its abily to pay iss bils in the short-term. Preperty \& Equipment, net is the arnount of Fioed Astet cost, which remains to be depreciated in future accounting periods. Total Current Labilities is a total of these labilales that wil require papment in the next 12 monthit in the case of Uneamed Revenue, this current liabily will be paid-otr by Lenry's delivering mowing services to the university. Innnu'e . Liulu 21 jna Pnet_Clineinn Trial Ralanen CAUTION Enter amounts into the Post-Closing Trial Balance by typing in the amounts. Do NOT oopy cells from the General Ledger: Lenny's Lawn Service, Inc. - Transactions - Additional Information July 21 Pay the employees $7,050,00 for work performed during the 3 rd week of July. July 23 Recelve $20,850.00 advance payment from the university. The advance payment is for 6 months of work which will be performed from August 1,2023 to January 31, 2024 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $5,600,00. The golf course pays $2,000,00 cash on this date and will pay the remainder on August 25. July 27 Complete a mowing job for a new customer - customer pays $4,500.00 cash for the j0b. July 27 Pay $2,825.00 cash to the mower dealer for the supplies purchased on account on July 15. July 28 Pay the employees $6,995.00 for work performed during the 4 th week of July. July 31 Invoice the property management company $19,150.00 for July mowing wark. The property manapement company will pay the invoice on the 20 th of next month. July 31 Pay the cash dividend which was declared on July 5. Enter amounts into the typing in the amounts. Do NOT copy cells fror Joumal into the accour Enter amounts int typing in the amou Do NOT copy cell Journal into the ac CAUTION Enter amounts into the account typing in the amounts: Do NOT copy cells from the Ge Joumal into tre accounts. Enter amounts into the Pre-Closing Triat Balance b byping in the amounts. Do NOT copy cells from the General Ledger. CAUTION Enter ansounts into the Financal Statements by typing in the arnounts. Do NoT copy cels from the General Lodfer or Pre-Closing Trial Balance. Note the new lne item on Lenny's Incorne Statement Income from Operations. This is Leney's income from the nontal operations of the lanel mowing business. Interest Expense, ahich is not a cost of operating the. business but resher a cost of financing the business, is shown below Inceme from Operations. Interest Expense is subtheled from Income from Operations to arive at Net income. This is the first time you have prepared a formal statement of Stockholders' Equity for Lenmy's. This statement shows what caused the change in Common Stock and in Retained Eamings from July 1, 2023 to July 31, 20ed. Note that the Rotained Eamings colume on the atatement locks diferent than the caloulation you have been doing each month to dedemine the fetained Elanings amount needed for the Balance Sheet. Deginning Ealance is the starting amount. in previous Retaned Eamings calculations, you used Carent falance as the starting arnount. Aleginning talance is the starting point for this calculation, bocause Dividends is shown as a line liem (a deduction) in the Rotained Eanings column. The Ending falance in the Peained Eamings column is the balance needed for the Ealance sheet. Entor amounts into the Balance Sreer by fyping in the amounts. Do NOT copy cells from the Genera Ledger or Pre-Closing Trial Balance. Note the following three new sub-totals appearing on Lenry's Balarice Shoot: Total Current Assets is a fotal of those assets, Which wal tum-into cash during the noxt 12 months of be consumed during the noxt 12 months. The comparison of Totai Curtent Asets to Total Current Liabilites gives some indication of Lenry/s liquidity that is, its abily to pay iss bils in the short-term. Preperty \& Equipment, net is the arnount of Fioed Astet cost, which remains to be depreciated in future accounting periods. Total Current Labilities is a total of these labilales that wil require papment in the next 12 monthit in the case of Uneamed Revenue, this current liabily will be paid-otr by Lenry's delivering mowing services to the university. Innnu'e . Liulu 21 jna Pnet_Clineinn Trial Ralanen CAUTION Enter amounts into the Post-Closing Trial Balance by typing in the amounts. Do NOT oopy cells from the General Ledger