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Record each of the above transaction in general journal form Massey Lawn Care, Inc. began operations in January2024. The company uses the following general ledger
Record each of the above transaction in general journal form
Massey Lawn Care, Inc. began operations in January2024. The company uses the following general ledger accounts. Accounts Receivable Office Supplies Mowing Equipment Accounts Payable Notes Payable Loan Payable Cap ital Stock Retained Earnings Mowi ne Reven ue Salaries Expense Fuel Expense Interest Expense The companyeneaeed in the following transactions during its first month of operations. January January January January January January January January January January Required: 22 23 26 30 Borrowed $100,000 from the bank signing a I year loan at 6% interest. Interest will be paid to the bank monthly, the principle is due in one year. Issued 500 shares of cap ital stock to Jaymer Massey for $1,500. Pu rchased office supplies on account for $100. Pu rchased mowi eq u p ment for $2,000, payl $400 cash and issu ine a 60-day note payab Ie for the remain ine balance. Paid $25 cash for gasoline. All of this fuel will be used in January Billed Lost Creek Cemetery $150 for mowi ng services. The entire amou nt is d ue Jan uary30th Billed Golf View Condominiums $2,000 for mowing services. The entire amount is d ue Feb ruary 15th Collected $150 from Lost Creek Cemeteryfor mowing services p rowded Jan uary 25. Paid $80 salaryto employee TeddyGrimm for work performed in January Paid intere ttothe bankon the loan. a. Record each of the above transactions in general journal form.
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