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Please write those 31days general journal. Use all the accounts name on the picture 3 and picture 4 is a example. Lenny's Lawn Service, Inc.
Please write those 31days general journal. Use all the accounts name on the picture 3 and picture 4 is a example.
Lenny's Lawn Service, Inc. Transactions Additional Information July 2017 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 $72,300.00 cash from new investors, and issue $72,300.00 of Common Stock to them L] July 1 Purchase S42.300 00 of new mowing oqupment, paying cash to the mower dealer. [ ] July 1 Pay SS00 00 cash for the July truck rental July 3 Invoice a new customer $3.230 00 for a completed mowing job-customer will pay i10 days. The Board of Directors declares a cash dividend The Date of Record is set as July 15. The Date of Payment is set as July 31 The total amount of thedivide dis$28,000 00 July 5 Pay the employees $6,500.00 for work performed during the 1st week of July July 7 July 10 Complete a mowing job for a new customer customer pays$89000 cash for the job July 12 Colect $3.50000 cash fro the golf course for special rush mowing job completed on May 31 July 14 Pay the employees$5,000 00 for work performed during the 2nd week of July July 15 Purchase$91000ofsupplies from the mower dealer The supplies are consumed immediately Lenny's will pay the mower dealer for the supplies in about 2 weeks. Collect $3,23000 on account. The cash that is received is from the new customer for the job that was completed on July 3 July 15 July 17 One of the original mowers purchased in January of 2016 broke down and is repaired by the mower July 19 Purchase for cash$31,000.00ofsupplies These supplies will be consumed over the next 12 months. July 20 Colect$30,000.00 from the property management company for work performed in June. July 21 Pay the employees $4,850 00 for work performed during the 3rd week of July. July 23 Receive a $26,000.00 advance payment from the university. The advance payment is for 6 months The cost of the Mower Repair job is $1,015.00. Lenny's wil pay the mower dealer in 30 days. dealer. of work which will be performed from August 1, 2017 to January 31, 2018. July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $6,050.00 The golf course pays $1,000.00 cash on this date and will pay the remainder on August 25 Complete a moving job for a new customer-customer pays $400.00 cash for the job. Pay $910.00 cash to the mower dealer for the supplies purchased on account on July 15 Pay the employees $5,600 00 for work performed during the 4th week of July Invoice the property management company S20750 for July moving work. The property July 27 July 27 July 28 July 31 management company will pay the invoice on the 20th of next month. July 31 Pay the cash dividend which was declared on July 5 Step by Step Solution
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