Record the following transactions manually by hand or typed into non general ledger software like Excel or Word (see provided templates in the Canvas assignment) Paid by check on July 1 st the June water bill for $150 (see item t from June) Paid $800 cash for July rent on office space on July 2 nd to L Lord We decide to expand the business and set up a small section of the building space for selling gardening items We start by selling one product at first planters that cost $8 to be sold for $16 each We order 20 planters on July 1st from Planters Wholesale Corporation and receive them with a bill on July 3 rd The bill is due for payment on August 1 st On July 4 th , paid for the soil ordered last month in the amount of $1,900, by check to Speedy Delivery Company (see item j from June) We notice that two of the planters received were not the ones ordered from Planters Wholesale Corporation, so on July 5 th the wholesaler is called and allows us to send them back, giving a credit for the two items Luis Yucca, a customer, comes to the store and pays cash for 4 planters on July 6 th Kirby Colorado, another customer, purchases 7 planters on account when the company starts new credit terms of 2 10, net 30, to attract more customers and to get cash in quickly We ship 7 planters to Kirby on July 7 th We are using the gross method for all sales Paid the June electric bill from Charlottesville Utility on July 8 th for $300 (see item n from June) One of the planters received by Kirby above (see item g) is already cracked, so she returns it and we give her a credit on July 9 th Return it to inventory for now it will be written off later Paid for the truck rental for the month of July, $400, on July 10 th Paid $5,880 on July 11 th for the gardening equipment purchased on June 10 th (see item h from June) with a check payable to Gardening Wholesale Supply Company We add to the product line by ordering 20 small bags of soil to sell (cost $5, retail $10), 20 containers of plant fertilizer (cost $7, retail $12), and a variety of seed packets100 packets (cost 50 per packet, retail $2 00 per packet) from Gardening Products Wholesalers We receive all merchandise in good condition on July 12 th , along with the bill, to be paid in 30 days A new customer, Jane Johnson, purchases 4 bags of soil and 2 containers of fertilizer on account, terms 2 10, net 30, on July 14 th Dan Luis, our customer, pays his June bill of $900 (see item l from June) on July 15 th Kirby, a customer, returns to pay her adjusted bill within the discount period on July 16 th (see items g and i above) Tim Joshua, a customer, pays by check right away for one planter received on July 17 th , so no bills are sent We give him the 2 10, net 30 discount and record it right away Hannah Edinboro purchases 15 seed packets on account, terms 2 10, net 30, on July 18 th John Jacksonville purchases 2 containers of fertilizer and pays with his check on July 20 th (with usual terms 2 10, net 30) Landscaping services of $3,200 are completed this month for Norman Garfield and collected by check on July 21 st Purchased more soil to be used in landscaping from Speedy Delivery Company on July 22 nd for $800, paid by check On July 24 th , we pay for the merchandise purchased within the discount period by check (see item l) Received the July electric bill on July 29 th and paid $500 by check, even though it could have been paid later Paid a dividend to the owner of $700 on July 30 th by check Paid truck costs for gas, insurance, etc of $400 by check on July 31 st On July 31 st the online bank statement is available for viewing and shows $2 earned on the interest bearing checking account and a service charge of $15 for checks ordered Assume all checks written this month have cleared the bank and deposits were properly recorded by the bank Tim Joshuas check to pay what he owed is returned as a non sufficient funds check by the bank We will notify Tim Joshua and will expect payment next month (see item p above) All other checks and deposits agreed with our records Following are the necessary adjusting entries for the month of July, all to be prepared as of July 31 st Checked the supply of soil and determined there was $300 worth of soil left $100 of other gardening supplies were used this month Depreciate the gardening equipment for the month Continue to use straight line depreciation with no salvage and use a ten year useful life for all the items Accrue the interest on the note from Charlottesville Bank dated 6 6 Accrue interest earned on the certificate of deposit with the bank dated 6 6 Recognize revenue earned from June payments in advance (see item d in June) Recognize insurance that has expired Counted all merchandise on hand and determined there is one seed packet missing, so it is written off Also, wrote off the cracked pot that Kirby Colorado returned (we determined we had not properly packaged it for shipping)

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Record the following transactions manually by hand or typed into non-general ledger software like Excel or Word (see provided templates in the Canvas assignment). Paid

Record the following transactions manually by hand or typed into non-general ledger software like Excel or Word (see provided templates in the Canvas assignment).

Paid by check on July 1^st the June water bill for $150 (see item t from June).

Paid $800 cash for July rent on office space on July 2^nd to L. Lord.

We decide to expand the business and set up a small section of the building space for selling gardening items. We start by selling one product at first planters that cost $8 to be sold for $16 each. We order 20 planters on July 1st from Planters Wholesale Corporation and receive them with a bill on July 3^rd. The bill is due for payment on August 1^st.

On July 4^th, paid for the soil ordered last month in the amount of $1,900, by check to Speedy Delivery Company (see item j from June).

We notice that two of the planters received were not the ones ordered from Planters Wholesale Corporation, so on July 5^ththe wholesaler is called and allows us to send them back, giving a credit for the two items.

Luis Yucca, a customer, comes to the store and pays cash for 4 planters on July 6^th.

Kirby Colorado, another customer, purchases 7 planters on account when the company starts new credit terms of 2/10, net 30, to attract more customers and to get cash in quickly. We ship 7 planters to Kirby on July 7^th. We are using the gross method for all sales.

Paid the June electric bill from Charlottesville Utility on July 8^thfor $300 (see item n from June).

One of the planters received by Kirby above (see item g) is already cracked, so she returns it and we give her a credit on July 9^th. Return it to inventory for now it will be written off later.

Paid for the truck rental for the month of July, $400, on July 10^th.

Paid $5,880 on July 11^th for the gardening equipment purchased on June 10^th (see item h from June) with a check payable to Gardening Wholesale Supply Company.

We add to the product line by ordering 20 small bags of soil to sell (cost $5, retail $10), 20 containers of plant fertilizer (cost $7, retail $12), and a variety of seed packets100 packets (cost .50 per packet, retail $2.00 per packet) from Gardening Products Wholesalers. We receive all merchandise in good condition on July 12^th, along with the bill, to be paid in 30 days.

A new customer, Jane Johnson, purchases 4 bags of soil and 2 containers of fertilizer on account, terms 2/10, net 30, on July 14^th.

Dan Luis, our customer, pays his June bill of $900 (see item l from June) on July 15^th.

Kirby, a customer, returns to pay her adjusted bill within the discount period on July 16^th (see items g and i above).

Tim Joshua, a customer, pays by check right away for one planter received on July 17^th, so no bills are sent. We give him the 2/10, net 30 discount and record it right away.

Hannah Edinboro purchases 15 seed packets on account, terms 2/10, net 30, on July 18^th.

John Jacksonville purchases 2 containers of fertilizer and pays with his check on July 20^th(with usual terms 2/10, net 30).

Landscaping services of $3,200 are completed this month for Norman Garfield and collected by check on July 21^st.

Purchased more soil to be used in landscaping from Speedy Delivery Company on July 22^nd for $800, paid by check.

On July 24^th, we pay for the merchandise purchased within the discount period by check (see item l).

Received the July electric bill on July 29^th and paid $500 by check, even though it could have been paid later.

Paid a dividend to the owner of $700 on July 30^thby check.

Paid truck costs for gas, insurance, etc. of $400 by check on July 31^st.

On July 31^st the online bank statement is available for viewing and shows $2 earned on the interest-bearing checking account and a service charge of $15 for checks ordered. Assume all checks written this month have cleared the bank and deposits were properly recorded by the bank. Tim Joshuas check to pay what he owed is returned as a non-sufficient funds check by the bank. We will notify Tim Joshua and will expect payment next month (see item p above). All other checks and deposits agreed with our records.

Following are the necessary adjusting entries for the month of July, all to be prepared as of July 31^st:

Checked the supply of soil and determined there was $300 worth of soil left.

$100 of other gardening supplies were used this month.

Depreciate the gardening equipment for the month. Continue to use straight-line depreciation with no salvage and use a ten-year useful life for all the items.

Accrue the interest on the note from Charlottesville Bank dated 6/6.

Accrue interest earned on the certificate of deposit with the bank dated 6/6.

Recognize revenue earned from June payments in advance (see item d in June).

Recognize insurance that has expired.

Counted all merchandise on hand and determined there is one seed packet missing, so it is written off. Also, wrote off the cracked pot that Kirby Colorado returned (we determined we had not properly packaged it for shipping).