You have just been hired as the accountant for Lay's Lush Landscape Sales & Service, Inc. which started operations on January 01, 2016.

1) Prepare the journal entries (omit explanations) for all transactions from January 01, 2016 through June 30, 2016, post all journal entries to the general ledger, and prepare an Unadjusted Trial Balance for the six months ending June 30, 2016.

Transactions:

1/1The owner of the business contributed $10,000 cash and a truck worth $16,000 to the business in exchange for 26,000 shares of $1par common stock. This is the first ever transaction for the business. Use perpetual inventory.

1/31Borrowed $50,000 on a note payable from the bank.

1/31Paid January rent, $500

2/01Purchased equipment for $10,000 cash.

2/15Purchased 100 bags of lawn fertilizer for $2.00 per bag on account (this lawn fertilizer will be sold to customers to apply themselves)

2/01Paid February rent, $500

3/01Prepaid, March - December rent at $500 per month

3/01Purchased 100 bags of weed preventive fertilizer for $8 per bag on account (this fertilizer will be sold to customers to apply themselves)

3/01Paid amount owed on lawn fertilizer from 2/15 transaction

3/15Sold 20 bags of weed preventive fertilizer for $15 per bag (cash)

3/15Received $500 cash from customers for spring lawn services performed

3/15Performed spring lawn service to customers on account $750

4/01Collected $500 from customers on account from 3/15 transaction

4/14Collected $250 from customers on account from 3/15 transaction

4/15Sold 25 bags of weed preventive fertilizer for $15 per bag (cash)

4/15Sold 15 bags of lawn fertilizer for $6 per bag (cash)

4/15Paid for advertising campaign, $5,000 cash

5/01Received payment for summer services in advance from 20 customers

5 months (May - September) at $1000 each for a total of $100,000

5/31Received payment for May's lawn services provided from 5 customers, $5,500

5/31Performed May lawn service for 5 customers on account to be received by 6/15, $5,500

5/31Paid fuel expense of $1,000 for May

6/05Paid wages to employees for May, $8000

6/15Received payment from May's credit customers, $5,500

6/15Sold 20 bags of lawn fertilizer for $6 per bag (cash)

6/30Received payment for June's lawn service from 4 customers, $4,400

6/30Performed June lawn service for 5 customers on account to be received by 7/15, $5,500

6/30Purchased supplies on account, $1,000

6/30Paid semi-annual payment on note from bank, $4,000 principal plus $2,000 interest expense for a total payment of $6,000

6/30Paid fuel expense of $1,000 for May