PART B-APPLICATION [40 MARKS 1. Journalize the following transactions for a lawn service company that occur...

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PART B-APPLICATION [40 MARKS 1. Journalize the following transactions for a lawn service company that occur in May. No explanation is required. Don't skip lines. [15 Marks] 1. Purchased a new lawn mower for $2,000, making a 10% down payment in cash, the remainder is on account. [2 Marks] 5. Purchased $350 supplies for cash. [1 Mark] 6. A customer paid $450, in advance, for lawn services starting in July. [2 marks] 11. Purchased used truck for $6,500, fully financed by a bank loan. [1 Mark] 15. Collected $800 from customers for services previously billed. [2 Marks) 16. Incurred telephone expenses of $85 on account. [1 Mark] 17. Completed services for customers who pay $440 cash. [1 Mark] 21. Hired a secretary. [1 Mark] 24. The full balance of the bank loan is paid off plus $65 in interest expense. [2 Marks] 27. $1,250 in wages is paid to employees. [1 Mark] 29. William withdrew $1,000 cash for personal use. [1 mark] ACCOUNT TITLE DEBIT CREDIT PART B-APPLICATION [40 MARKS 1. Journalize the following transactions for a lawn service company that occur in May. No explanation is required. Don't skip lines. [15 Marks] 1. Purchased a new lawn mower for $2,000, making a 10% down payment in cash, the remainder is on account. [2 Marks] 5. Purchased $350 supplies for cash. [1 Mark] 6. A customer paid $450, in advance, for lawn services starting in July. [2 marks] 11. Purchased used truck for $6,500, fully financed by a bank loan. [1 Mark] 15. Collected $800 from customers for services previously billed. [2 Marks) 16. Incurred telephone expenses of $85 on account. [1 Mark] 17. Completed services for customers who pay $440 cash. [1 Mark] 21. Hired a secretary. [1 Mark] 24. The full balance of the bank loan is paid off plus $65 in interest expense. [2 Marks] 27. $1,250 in wages is paid to employees. [1 Mark] 29. William withdrew $1,000 cash for personal use. [1 mark] ACCOUNT TITLE DEBIT CREDIT