what would the general journal entries be?

Additional Information Lenny's Lawn Service, Inc. - Transactions July 2021 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 journal and post a transaction this transaction has already been entered into the General Journal and posted to the General Ledger) July 1 Receive $69 300.00 cash from new investors and issue $69,300.00 of Common Stock to them. July 1 Purchase $45,900.00 of new mowing equipment paying cash to the mower dealer July 1 Pay $500.00 cash for the July Juck rental July 3 Invoice a new customer $5,185.00 for a compluted mowing job - customer will pay in 10 days July 5 The Board of Directors declares a cash dividend. The total amount of the dividend is $25,000.00 The Dute of Record is set as July 15. The Date of Payment is set as July 31 July 7 Pay the employees $5,800.00 for work performed during the 1st week of July July 10 Complete a mowing job for a new customer-customer pays $4,200.00 cash for the job July 12 Collect $3,500.00 cash from the golf course for special rush mowing yob completed on May 31 July 14 Pay the employees $7,000.00 for work performed during the 2nd week of July July 15 Purchase $1,020 00 of supphes from the mower dealer. The supplies are consumed immediately Lenny's will pay the mower dealer for the supplies in about 2 weeks July 15 Collect $5,185 00 on account the cash that is received is from the new customer for the job that was completed on July 3 July 17 One of the original mowers purchased in January of 2020 broke down and is repaired by the mower dealer The cost of the Mower Repair job is $100.00 Lonny's will pay the mower dealer in 30 days Directions Trans Chart Accts Journal GL Assets GL Lib.IV GLB July 17 One of the original mowers purchased in January of 2020 broke down and is repaired by the mower dealer. The cost of the Mower Repair job is $600.00 Lenny's will pay the mower dealer in 30 days. July 19 Purchase for cash $22,750.00 of supplies. These supplies will be consumed over the next 12 months. July 20 Collect $30,000.00 from the property management company for work performed in June July 21 Pay the employees $7.100.00 for work performed during the 3rd week of July July 23 Receive a $24,500.00 advance payment from the university. The advance payment is for 6 months of work wach will be performed from August 1, 2021 to January 31, 2022. July 25 Completo a special mowing job for the golf course. The total price for the mowing job is $5,550 00 The golf course pays $500.00 cash on this date and will pay the remainder on August 25. July 27 Completo a mowing job for a new customer -- customer pays $3,900.00 cash for the job July 27 Pay $1,020.00 cash to the mower dealer for the supplies purchased on account on July 15. July 28 Pay the employees $6,100.00 for work performed during the 4th week of July. July 31 Invoice the property management company $19,650.00 for July mowing work. The property management company will pay the invoice on the 20th of next month July 31 Pay the cash dividend which was declared on July 5 Additional Information Equipment: The $18,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2020 For information related to this mowing equipment soe Page 70 in the Solid Footing text (PDF 07 - Intro to Adjusting Entries), This equipment continues to be used and should be depreciated for the month of July The following information relates to the new equipment which was purchased on July 1, 2021 The now equipment was placed into service on July 1, 2021 and should be depreciated for the month of July Additional Information Equipment: The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2020. For information related to this mowing equipment see Page 70 in the Solid Footing text (PDF 07 - Intro to Adjusting Entries). This equipment continues to be used and should be depreciated for the month of July The following information relates to the new equipment which was purchased on July 1, 2021 The new equipment was placed into service on July 1, 2021 and should be depreciated for the month July The estimated useful life of the new equipment is 5 years. At the end of 5 years, the hew equipment will have no future value and will be scrapped. The now equipment will be depreciated using the straight-line method Al the end of July there are $23,950.00 supplies on hand Supplies: Mowing Service at the University: The monthly mowing sorvice was provided to the university per the contract signed on April 1, 2021 For information on the contract with the university and the related advance payment, see Pages 95 and 98 in the Solid Footing text (PDF 08 - Acusting Entries Continued) Wages Due the Employees: The last wage payment was made to the employees on July 28, 2021 The employees worked on July 29, 30, and 31 For these three days of work the employees earned $3,575 00 of wages. These three days of wages will be paid to the workers during the first week of August. Bank Loan: The interest on the loan from 1st Bank will be paid overy threo months. The first interest payment to the bank will be made on September 30, 2021 Lenny's calls the bank on July 31 and the bank indicates that the interest on the loan for July is $975.00 fr 33 3,500.00 3,500.00 7-12 100 105 7,000.00 7,000.00 7-14 510 100 1,020.00 7-15 cash accounts receivable cash collection wages expense cash wages supplies expense accounts payable purchase supplies cash accounts receivable cash collection mower repair expense 500 200 1,020.00 5,185.00 7-15 100 105 5,185.00 600.00 7-17 505 Lenny's Lawn Service, Inc. - General Journal Page # 2 Posted Debit Credit 2021 Month-Day 600.00 7-19 22,750.00 22,750.00 7-20 30,000.00 Account Account Name Number 100 ACCOUNTS PAYABLE cash collection 110 supplies 100 cash purchase supplies 100 cash 200 accounts recievable cash collection 510 wages expense 100 cash Wages 100 cash 215 unearned revenue Directions Trans Chart Accts 30,000.00 7-21 7,100.00 7,100.00 7-23 24,500.00 24,500.00 Journal GL Assets GL Liab-Equity GL Rev-Exp 7-25 100 105 400 500.00 5,550.00 cash accounts recievable service revenue cash collection 5,550.00 3,900.00 7-27 100 400 3,900.00 7-27 1,020.00 200 100 1,020.00 7-28 510 6,100.00 cash service revenue cash for job accounts payable cash purchase supplies wages expense cash pay wages accounts recievable service revenue invoices dividend payable cash 100 6,100.00 7-31 105 19,650.00 400 19,650.00 7-31 220 100 25,000.00 25,000.00 Lenny's Lawn Service, Inc. - General Journal Page #4 Posted Debit Credit Account Name 2021 Month-Day 7-31 Account Nurnber 520 800.00 800.00 155 7-31 500 180.00 110 180.00 7-31 Depreciation expense accumulaed depreciation for equipment Depreciation expense supplies expense supplies supplies consumed wages expense wages payable wages payable interest expenses interest payable interest payable unearned revenue service reveune 510 205 3,575.00 3,575.00 7-31 550 210 975.00 975.00 7-21 8,000.00 8,000.00 Lenny's - July 31, 2021 Pre-Closing Trial Balance Debit Credit Account # Account Name 100 105 93,165.00 24,501.00 25,925.00 93,900.00 110 150 155 200 205 210 215 220 250 300 305 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable Interest Payable Unearned Revenue Dividends Payable Note Payable Common Stock Retained Earnings Service Revenue Supplies Expense Mower Repair Expense Wages Expense Truck Rental Expense Depreciation Expense Interest Expense Totals 18,880.00 1,620.00 3,575.00 975.00 24,500.00 0.00 35,000.00 119,300.00 23,125.00 46,845.00 400 500 505 510 515 1,200.00 600.00 29,575.00 500.00 800.00 967.00 271,133.00 520 550 273,820.00 Account # 100 Cash Do NOT General Journal Debit Credit Balance Page 1 38,250.00 35,000.00 69,300.00 1 1 1 1 1 45,900.00 500.00 5,800.00 4,200.00 3,500.00 2021 Month Day 7-1 Beginning Balance 7-1 7-1 7-1 7-1 7-7 7-10 7-12 7-14 7-15 7-19 7-20 7-21 7-23 7-25 7-27 7-28 7-31 7-27 1 1 7,00:00 1 5.185.00 38,250.00 Dr 73,250.00 Dr 142,550.00 DI 96,650.00 Dr 96,150.00 Dr 90,350.00 Dr 94,550.00 Dr 98,050.00 Dr 91,050.00 Dr 96.235.00 Dr 73,485.00 Dr 103,485.00 DO 96,385.00 DI 120,885.00 Dr 121,385.00 Dr 125,285.00 Dr 119,185.00 Dr 94,185.00 DE 93,165.00 DO 22,750.00 2 2 2 30,000.00 7,100.00 24,500.00 500.00 3,900.00 2 2 2 2 2 2 6,100.00 25,000.00 1,020.00 Account # 105 Accounts Receivable 2021 Month Day 7-1 Beginning Balance Journal Page 8 Debit Credit Balance 33,500.00 5,186.00 1 7-12 Directions 33,500.00 Dr 38,686.00 Dr 34.486.00 Dr GL Rev-Exp Trial Bal Trans Chart Accts Journal 4.200.00 GL Liab-Equity GL Assets IS & SE Ready Search for anything TI 1 4,200.00 5,185.00 1 7-12 7-15 725 7-31 7-20 NNN- 5,050.00 19,650.00 34,486.00 Dr 29,301.00 DI 34,351.00 DI 54,001.00 DI 24,001.00 DE 30,000.00 Account # 110 Supplies 2021 Month Day 7-1 Journal Page 1 Debit Balance Credit + Beginning Balance 4,375.00 4,375.00 DE 7-19 2 22,750.00 7-31 27,125.00 DE 25,925.00 Or 4 1.200.00 Account # 150 Equipment 2021 Month Day Journal Page! Credit Balance Beginning Balance Debit 48,000.00 45,900.00 48,000.00 Dr 93,900.00 Dr Account 155 Accumulated Depreciation Debit 2021 Journal Month Day Page 7-1 Beginning Bilance 7.34 Directions Trans Chart Accts Journal Credit 18,000.00 Annnn GE Lieb-Equity Balance 18,000.00 CH 18. Ronc GL Rev. TOLD GL Assets Account # 200 Accounts Payable Journal Page # Debit Credit Balance 2021 Month-Day 7-1 7-15 7-17 Beginning Balance 1 0.00 1,020.00 600.00 0.00 Cr 1,020.00 C 1,620.00 Cr Account # 205 Wages Payable Journal Page # Debit Credit 2021 Month Day 7-1 7-31 Balance Beginning Balance 4 0.00 3,575.00 0.00 Cr 3,575.00 Cr Account # 210 Interest Payable Journal Page # Debit 2021 Month Day 7-1 Beginning Balance 7-31 Credit Balance 4 0.00 975.00 0.00 Cr 975.00 CE Account # 215 Unearned Revenue Journal Debit Page # Credit Balance 2021 Month Day 7-1 Beginning Balance 7-23 Directions Trans Chart A 2 8,000.00 24,500.00 8,000.00 C 32,500.00 Cr Tam 7-1 Beginning Balance 8,000.00 24,500.00 7-23 2 8,000.00 CM 32,500.00 cm 24,500.00 CM 7-31 2 8,000.00 Account # 220 Dividends Payable Journal Page # Debit Credit 2021 Month-Day 7-1 7-5 Balance Beginning Balance 0.00 25,000.00 1 0.00 Cr 25,000.00 Cr 0.00 Cr 7-31 2 25,000.00 Account # 250 Note Payable 2021 Month Day Journal Page # Debit Credit Balance Beginning Balance 7-1 1 0.00 35,000.00 0.00 CE 35,000.00 Cr Account # 300 Common Stock 2021 Month Day Journal Page 1 Debit Beginning Balance 7-1 7-1 Credit 50,000.00 69,300.00 Balance 50,000.00 CE 119,300.00 CM Directions Trans Chan LALA LATE Lenny's Lawn Service, Inc. General Ledger Account # 400 Service Revenue 2021 Month-Day 7-1 Journal Page # Debit Credit Balance Beginning Balance 7-3 7-10 7-25 7-27 7-31 7-21 NNN -- 0.00 5,185.00 4,200.00 5,550.00 3,900.00 19,650.00 8,000.00 0.00 Cr 5,185.00 CE 9,385.00 Cr 14,935.00 Cr 18,835.00 Cr 38,485.00 Cr 46,485.00 Cr 4 Account # 500 Supplies Expense Journal Page 1 Debit 2021 Month Day 7-1 7-31 7-15 Credit Beginning Balance Balance 4 0.00 180.00 1,020.00 0.00 DE 180.00 DI 1,200.00 Dr Account # 505 Mower Repair Expense Directions Trans Chart Accts Journal GL Assets Gl Lab-Equity GL Rev-Exp Trial Bar Account # 505 Mower Repair Expense Journal Debit Credit Balance Page # 2021 Month-Day 7-1 7-17 Beginning Balance 0.00 600.00 0.00 Dr 600.00 Dr 1 Account # 510 Wages Expense Journal Debit Page # Credit Balance Beginning Balance 1 2021 Month-Day 7-1 7-7 7-14 7-21 7-28 7-31 1 0.00 5,800.00 7,000.00 7,100.00 6,100.00 3,575.00 2 2 0.00 Dr 5,800.00 Dr 12,800.00 Dr 19,900.00 DO 26,000.00 DO 29,575.00 DP 4 Account # 515 Truck Rental Expense Journal Page # Debit Credit Balance 2021 Month-Day 7-1 Beginning Balance 7-1 0.00 500.00 0.00 DI 500.00 DE 1 Directions Trans Chart Accts Journal GL Assets GL labarat GL Rew.vn TOGLIDE Account # 515 Truck Rental Expense Journal Page # Debit Credit 2021 Month-Day 7-1 7-1 Balance Beginning Balance 0.00 500.00 1 0.00 DI 500.00 Dr Account # 520 Depreciation Expense Journal Page 3 Debit Credit 2021 Month-Day 7-1 7-31 Balance Beginning Balance 0.001 800.00 4 0.00 Dr 800.00 Dr Account # 550 Interest Expense Journal Page # Debit 2021 Month Day 7-1 7-31 Credit Balance Beginning Balance 0.00 975.00 0.00 DE 975.00 DO