x cut Cocy. Poste & Format My1 Borrow $35.000.000 from fat Bank by sking a 24 month My 1 Peche ST155000 cash from westors and 571 550 00 Centro Shack to the Myt March 30,000.00 ptg cash to the mode Myty ces for the track My 3 2 2000 for a comme s tepay 10 The Record GM 15 The Date of Payments au 31 My Pay for work performed on the two of July y to Care for a new customer-color pay $6.500.00 Myt? $3.500.00 cash from the golf course for special moun compted on May W 16 Pay the employees 37,500.00 for work performed during the 2nd week My Phone 31,800 from the power th e corner Lory's we pay the words for the sun bout 2 y 18 O ct 82,200.00 on account. The cash that is received from wesome for the that was completed on July 3 My 17 One of the originale s purchased in way of 2018 broke down and repaired by the mower dealer. The cost of the Mower Repair job is $750 00 L y the modern days 19 Purchase for cash $21,000.00 of supplies. There he become over the next 12 mon way 20 et 520,000.00 from the property management company for performed y Pay the amployees 56,850.00 for work performed during the 3rd of July July 23 Recev 23.250.00 dance payment from the university. The ce payment is for months of work which was be performed from August 1, 2015 January 31, 2020 u y 2 Cor p o for the golf course. The total price for the 2000 The golf course ya 150000 cash on the date and pay the manner on August 25 o w customer-core 1.600 10000 the model for the WP 5 .000 for work together uly the property a nd copy314 300 forumowing wor m o ny w pay the voice on the month T W F July 3 Pay the cash a nd which was c on A Directions Trans Chart Accts Journal GL Assets AGL Liab-Equity BurgosOvidio- @50 . Home Insert Draw Page Layout x cut Cocy. Formulas Data Review View Developer The golf course pays $500 00 cash on this date and will pay the remainder on August 25. July 27 Complete a mowing job for a new customer-customer pays $3,800.00 cash for the job. July 27 Pay $1,180.00 cash to the mower dealer for the supplies purchased on account on July 15. July 28 Pay the employees $5,300.00 for work performed during the 4th week of July July 31 nvoice the property management company $14,300.00 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 dedared on July 5. Additional Information Equipment: The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2018. For information related to this mowing equipment see Page 70 in the Solid Footing book. 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, 2019: - The new equipment was placed into service on July 1, 2019 and should be depreciated for the month of July. - The estimated useful life of the new equipment is 5 years. At the end of 5 years, the new equipment will have no future value and will be scrapped - The new equipment will be depreciated using the straight-line method. At the end of July there are $21,850.00 supplies on-hand. Supplies: Mowing Service at the University: The monthly mowing service was provided to the university per the contract signed on April 1, 2019. For information on the contract with the university and the related advance payment, see Pages 95 and 98 in the Solid Footing book commande Wages Due the Employees: The last wage payment was made to the employees on July 28, 2019. The employees worked on July 29, 30, and 31. For these three days of work the employees camed $2,100.00 of wages These three days of wages will be paid to the workers during the first week of August The interest on the loan from 1st Bank will be paid every three months. The first interest payment to the bank will be made on September 30, 2019. Lenny's calls the bank on July 31 and the bank indicates that the interest on the loan for July is $590.00. Bank Loan: Directions Trans Chart Accts Journal GL Assets GL Lieb-Equity GLR BurgosOvidio-ACP ert Draw Page Layout Formulas Data Review View Developer Lenny's Lawn Service, Inc. - Transactions. Additional Information July 2019 Transactions / / Date Description of the Transaction / rom, 7 DODO o oo oo July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. As of how to journal and post transaction thr o w been to the General Journal and posted to the General Ledo July 1 Receive $71,550.00 cash from new investors, and issue $71,550.00 of Common Stock to them. July 1 Purchase $30,000,00 of new mowing equipient, paying cash to the mower dealer July 1 Pay $500.00 cash for the July truck rental July 3 Invoice a new customer $2,200.00 for a completed 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 $22,500.00 The Date of Record is set as July 15. The Date of Payment is set as July 31. July 7 Pay the employees $6,000.00 for work performed during the 1st week of July July 10 Complete a mowing job for a new customer-customer pays $6,500,00 cash for the job. July 12 Collect $3,500.00 cash from the golf course for special rush mowing job completed on May 31. July 14 Pay the employees $7,500.00 for work performed during the 2nd week of July July 16 Purchase $1,180.00 of supplies 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 $2,200.00 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 2018 broke down and is repaired by the mower Dealer. The cost of the Mower Repair job is $750.00. Lenny's will pay the mower dealer in 30 days July 19 Purchase for cash $21,000.00 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 Trans Chart Accts Journal GL Assets GL Lab Equity GL Rev Exp Draw Page Layout Formulas Data Review View Developer Insert out Cosy - Format July 21 Pay the employees $6,850.00 for work performed during the 3rd week of July. July 23 Receive a $23,250.00 advance payment from the university. The advance payment is for 6 months of work which will be perfomed from August 1, 2018 to Jarwowy 31, 2020 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $4,200.00 The golf course pays $500.00 cash on this date and will pay the remainder on August 25 July 27 Complete a mowing job for a new customer-customer pays $3,800.00 cash for the job. July 27 Pay $1,180.00 cash to the mower dealer for the supplies purchased on account on July 16. July 28 Pay the employees $5,300.00 for work performed during the 4th week of July. July 31 Involce the property management company $14,300.00 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 $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2018. For information related to this mowing equipment see Page 70 in the Solid Footing book. 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, 2019: The new equipment was placed into service on July 1, 2019 and should be depreciated for the month of July. The estimated useful life of the new equipment is 5 years. At the end of 5 years, the new equipment will have no future value and will be scrapped The new equipment will be depreciated using the straight-line method At the end of July there are $21,850.00 supplies on hand 5 yearbe derre tes on tung Supplies: Mowing Service at the University: The monthly mowing service was provided to the university per the contract signed on April 1, 2011 For information on the contract with the university and the related advance payment, see Pages 95 and 98 in the Solid Footing book. Directions Trans Chart Accts Journal GL Ansets GL Lieb-Equity GL. Rev.Exp Format July 31 Pay the cash dividend which was declared on July 5. Additional Information The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2018. For information related to this mowing equipment see Page 70 in the Solid Footing book. 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, 2019: The new equipment was placed into service on July 1, 2019 and should be depreciated for the month of July The estimated useful life of the new equipment is 5 years At the end of 5 years, the new equipment have no future value and will be scrapped. The new equipment will be depreciated using the straight line method. At the end of July there are $21,850.00 supplies on-hand. Mowing Service at the University: The monthly mowing service was provided to the university per the contract signed on April 1, 2015 For information on the contract with the university and the related advance payment, see Pages 95 and 98 in the Solid Footing book Wages Due the Employees: The last wage payment was made to the ernployees on July 28, 2019. The employees worked on July 29, 30, and 31. For these three days of work the employees earned $2,100.00 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 every three months. The first interest payment to the bank will be made on September 30, 2019. Lenny's calls the bank on July 31 and the bank indicates that the interest on the loan for July is $590.00 Directions Trans Le Chart Acets Journal GL Assets OL Lab Equity GL Rev.Ex x cut Cocy. Poste & Format My1 Borrow $35.000.000 from fat Bank by sking a 24 month My 1 Peche ST155000 cash from westors and 571 550 00 Centro Shack to the Myt March 30,000.00 ptg cash to the mode Myty ces for the track My 3 2 2000 for a comme s tepay 10 The Record GM 15 The Date of Payments au 31 My Pay for work performed on the two of July y to Care for a new customer-color pay $6.500.00 Myt? $3.500.00 cash from the golf course for special moun compted on May W 16 Pay the employees 37,500.00 for work performed during the 2nd week My Phone 31,800 from the power th e corner Lory's we pay the words for the sun bout 2 y 18 O ct 82,200.00 on account. The cash that is received from wesome for the that was completed on July 3 My 17 One of the originale s purchased in way of 2018 broke down and repaired by the mower dealer. The cost of the Mower Repair job is $750 00 L y the modern days 19 Purchase for cash $21,000.00 of supplies. There he become over the next 12 mon way 20 et 520,000.00 from the property management company for performed y Pay the amployees 56,850.00 for work performed during the 3rd of July July 23 Recev 23.250.00 dance payment from the university. The ce payment is for months of work which was be performed from August 1, 2015 January 31, 2020 u y 2 Cor p o for the golf course. The total price for the 2000 The golf course ya 150000 cash on the date and pay the manner on August 25 o w customer-core 1.600 10000 the model for the WP 5 .000 for work together uly the property a nd copy314 300 forumowing wor m o ny w pay the voice on the month T W F July 3 Pay the cash a nd which was c on A Directions Trans Chart Accts Journal GL Assets AGL Liab-Equity BurgosOvidio- @50 . Home Insert Draw Page Layout x cut Cocy. Formulas Data Review View Developer The golf course pays $500 00 cash on this date and will pay the remainder on August 25. July 27 Complete a mowing job for a new customer-customer pays $3,800.00 cash for the job. July 27 Pay $1,180.00 cash to the mower dealer for the supplies purchased on account on July 15. July 28 Pay the employees $5,300.00 for work performed during the 4th week of July July 31 nvoice the property management company $14,300.00 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 dedared on July 5. Additional Information Equipment: The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2018. For information related to this mowing equipment see Page 70 in the Solid Footing book. 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, 2019: - The new equipment was placed into service on July 1, 2019 and should be depreciated for the month of July. - The estimated useful life of the new equipment is 5 years. At the end of 5 years, the new equipment will have no future value and will be scrapped - The new equipment will be depreciated using the straight-line method. At the end of July there are $21,850.00 supplies on-hand. Supplies: Mowing Service at the University: The monthly mowing service was provided to the university per the contract signed on April 1, 2019. For information on the contract with the university and the related advance payment, see Pages 95 and 98 in the Solid Footing book commande Wages Due the Employees: The last wage payment was made to the employees on July 28, 2019. The employees worked on July 29, 30, and 31. For these three days of work the employees camed $2,100.00 of wages These three days of wages will be paid to the workers during the first week of August The interest on the loan from 1st Bank will be paid every three months. The first interest payment to the bank will be made on September 30, 2019. Lenny's calls the bank on July 31 and the bank indicates that the interest on the loan for July is $590.00. Bank Loan: Directions Trans Chart Accts Journal GL Assets GL Lieb-Equity GLR BurgosOvidio-ACP ert Draw Page Layout Formulas Data Review View Developer Lenny's Lawn Service, Inc. - Transactions. Additional Information July 2019 Transactions / / Date Description of the Transaction / rom, 7 DODO o oo oo July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. As of how to journal and post transaction thr o w been to the General Journal and posted to the General Ledo July 1 Receive $71,550.00 cash from new investors, and issue $71,550.00 of Common Stock to them. July 1 Purchase $30,000,00 of new mowing equipient, paying cash to the mower dealer July 1 Pay $500.00 cash for the July truck rental July 3 Invoice a new customer $2,200.00 for a completed 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 $22,500.00 The Date of Record is set as July 15. The Date of Payment is set as July 31. July 7 Pay the employees $6,000.00 for work performed during the 1st week of July July 10 Complete a mowing job for a new customer-customer pays $6,500,00 cash for the job. July 12 Collect $3,500.00 cash from the golf course for special rush mowing job completed on May 31. July 14 Pay the employees $7,500.00 for work performed during the 2nd week of July July 16 Purchase $1,180.00 of supplies 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 $2,200.00 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 2018 broke down and is repaired by the mower Dealer. The cost of the Mower Repair job is $750.00. Lenny's will pay the mower dealer in 30 days July 19 Purchase for cash $21,000.00 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 Trans Chart Accts Journal GL Assets GL Lab Equity GL Rev Exp Draw Page Layout Formulas Data Review View Developer Insert out Cosy - Format July 21 Pay the employees $6,850.00 for work performed during the 3rd week of July. July 23 Receive a $23,250.00 advance payment from the university. The advance payment is for 6 months of work which will be perfomed from August 1, 2018 to Jarwowy 31, 2020 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $4,200.00 The golf course pays $500.00 cash on this date and will pay the remainder on August 25 July 27 Complete a mowing job for a new customer-customer pays $3,800.00 cash for the job. July 27 Pay $1,180.00 cash to the mower dealer for the supplies purchased on account on July 16. July 28 Pay the employees $5,300.00 for work performed during the 4th week of July. July 31 Involce the property management company $14,300.00 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 $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2018. For information related to this mowing equipment see Page 70 in the Solid Footing book. 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, 2019: The new equipment was placed into service on July 1, 2019 and should be depreciated for the month of July. The estimated useful life of the new equipment is 5 years. At the end of 5 years, the new equipment will have no future value and will be scrapped The new equipment will be depreciated using the straight-line method At the end of July there are $21,850.00 supplies on hand 5 yearbe derre tes on tung Supplies: Mowing Service at the University: The monthly mowing service was provided to the university per the contract signed on April 1, 2011 For information on the contract with the university and the related advance payment, see Pages 95 and 98 in the Solid Footing book. Directions Trans Chart Accts Journal GL Ansets GL Lieb-Equity GL. Rev.Exp Format July 31 Pay the cash dividend which was declared on July 5. Additional Information The $48,000.00 beginning balance in the Equipment account relates to the mowing equipment which was purchased on January 2, 2018. For information related to this mowing equipment see Page 70 in the Solid Footing book. 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, 2019: The new equipment was placed into service on July 1, 2019 and should be depreciated for the month of July The estimated useful life of the new equipment is 5 years At the end of 5 years, the new equipment have no future value and will be scrapped. The new equipment will be depreciated using the straight line method. At the end of July there are $21,850.00 supplies on-hand. Mowing Service at the University: The monthly mowing service was provided to the university per the contract signed on April 1, 2015 For information on the contract with the university and the related advance payment, see Pages 95 and 98 in the Solid Footing book Wages Due the Employees: The last wage payment was made to the ernployees on July 28, 2019. The employees worked on July 29, 30, and 31. For these three days of work the employees earned $2,100.00 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 every three months. The first interest payment to the bank will be made on September 30, 2019. Lenny's calls the bank on July 31 and the bank indicates that the interest on the loan for July is $590.00 Directions Trans Le Chart Acets Journal GL Assets OL Lab Equity GL Rev.Ex