The chart of accounts for Lara Landscaping is as follows:

Assets

Revenue

111

Cash

411

Income from Services

112

Accounts Receivable

114

Prepaid Insurance

Expenses

121

Equipment

511

Wages Expense

512

Rent Expense

513

Telephone Expense

Liabilities

211

Accounts Payable

Owner's Equity

311

J. Lara, Capital

312

J. Lara, Drawing

Lara Landscaping completed the following transactions in July:

July

2

Paid rent for the month of July, $580.

3

Billed Java Condos for services performed, $500.

7

Received cash on account from Java Condos, $218.

9

Bought equipment on account from Bray Equipment, $610.

12

Received and paid telephone bill, $95.

15

Billed City Hall for services performed, $310.

20

Paid cash for liability insurance (six months), $350.

21

J. Lara invested in the business her personal equipment having a fair market value of $495.

23

Paid $200 on account to Bray Equipment.

31

Paid wages to part-time employee, $248.

31

Received cash for services performed, $2,723.

31

J. Lara withdrew cash for personal use, $515.

Instructions:

Journalize and post the transactions for July. Use the format provided.

Dr. Cr.

July 2 Dr.

Cr.

3 Dr.

Cr.

7 Dr.

Cr.

9 Dr.

Cr.

12 Dr.

Cr.

15 Dr.

Cr.

20 Dr.

Cr.

21 Dr.

Cr.

23 Dr.

Cr.

31 Dr.

Cr.

31 Dr.

Cr.

31 Dr.

Cr.