Project 1 1 100,000 1 2 21,000 3,000 2,500 80,000 4,380 7 Your Company was incorporated on January 1, 2021. The business provides a full range of landscaping services, including landscape design, construction, and maintenance. The following transactions occurred during the first three months of operations: January Common stock is issued in exchange for cash in the amount of.... 1 The company borrows money from the bank by signing a promissory note in the amount of.. The company pays cash for a one-year insurance policy in the amount of.... Rent on a storage facility for the month is paid in the amount of... 4 Landscaping equipment is purchased for cash in the amount of.. Supplies are purchased on account in the amount of... The company pays for advertisements to be run during the current month in the amount of. Services are performed for cash in the amount of... 20 Services are performed on account in the amount of.... A customer pays cash in advance for future services in the amount of... Paid cash for half of the balance due for supplies purchased on Jan 7. Gasoline for the lawn mowers for the current month is paid in cash in the amount of..... 30 From the customer who paid in advance on Jan 25, landscape services in the amount of ......were performed. Dividends were paid in the amount of ..... 10 15 375 8,300 4,200 1,500 2,190 25 27 30 563 450 200 31 a. 2,628 1,333 b. C. Information for Monthly Adjusting Entries Supplies on hand at the end of each month are as follows: January.... Depreciation for each month totals... Employees are paid on the first of the month for salaries earned in the previous month. Accrued salaries at the end of each month are as follows: At January 31. The principal on the loan is due in 2 years. Interest (at a rate of 10%) is accrued at the end of each month and is payable at the end of each year, beginning December 31, 2021. (ROUND TO THE NEAREST DOLLAR.) Adjustments are made at the end of each month for prepaid insurance. (ROUND TO THE NEAREST DOLLAR.) 5,000 d. e. Journal Debit Credit Date Accounts 1-Jan Cash Common Stock 100,000 100,000 1-Jan 21,000 21,000 3,000 1-Jan Prepaid Insurance Cash 3,000 2-Jan 2.500 2.500 80.000 4-Jan Equipment Cash 80,000 4.380 7-Jan Supplies Accounts Payable 4,380 10-Jan 375 375 15-Jan 8,300 8,300 20-Jan 4,200 4.200 25-Jan 1 500 1,500 27-Jan 2,190 2,190 30-Jan 563 563 30-Jan 450 450 31-Jan 200 200 2,628 2,628 1,333 1,333 5,000 5,000