O 10-Accounting Cycle Project 12e nelly valentin - Excel View Help Tell me what you want to do Review Data Formulas Page Layout 20 Wrap Text 12 VAA Conditional Formatting Arial $ - % ES Number BIU- Alignment Font July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. (As an example of how to joumalize and post a transaction - this transaction has already been entered into the General Journal and posted to the General Ledger) July 1 Receive $78,850.00 cash from new investors, and issue $78,850.00 of Common Stock to them. July 1 Purchase $43,500.00 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 $2,585.00 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 $22,500.00 The Date of Record is set as July 15. The Date of Payment is set as July 31. July 7 Pay the employees $6,000.00 for work performed during the 1st week of July. July 10 Complete a mowing job for a new customer Customer pays $6,500.00 cash for the job. July 12 Collect 53.500.00 cash from the golf course for special rush mowing job completed on May 31, July 14 Pay the employees 57,500 do for work performed during the 2nd week of July. July 15 Purchase 51,180.00 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 Trial Bal GL Rev-Exp GL Liab-Equity GL Assets Journal MATA Trans Chart Accts Directions Ready 10-Accounting Cycle Project 12e nelly valentin - Excel Tell me what you want to do Review View Help Formulas Page Layout ame 2 Wrap Text $ - %, 8.99 Conditional F Formatting St ~12 VAA O A Arial Number BIU Alignment Font DDU X July 17 One of the original mowers purchased in January of 2018 broke down and is repaired by the mower dealer. The cost of the Mower Repair job is 5665.00. Lenny's will pay the mower dealer in 30 days. July 19 Purchase for cash $21,000.00 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 56,850.00 for work performed during the 3rd week of July July 23 Receive a $28,500.00 advance payment from the university. The advance payment is for 6 months of work which will be performed from August 1, 2019 to January 31, 2020 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $3,500.00 The golf course pays $500.00 cash on this date and will pay the remainder on August 25 July 27 Complete a mowing job for a new customer -- Customer pays $3,800.00 cash for the job. July 27 Pay $1.180.00 cash to the mower dealer for the supplies purchased on account on July 15. July 28 Pay the employees $5,300.00 for work performed during the 4th week of July July 31 Invoice the property management company $18,800.00 for July mowing work. The property management company + pay the invoice on the 20th of next month. DDU July 31 Pay the cash dividend which was declared on July 5. IS Trial Bal GL Rev-Exp GL Liab-Equity Journal GL Assets Directions Trans Chart Acets