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Your Company was incorporated on January 16 The business provides a full range of landscaping services, including landscape design, construction, and maintenance. The following transactions
Your Company was incorporated on January 16 The business provides a full range of landscaping services, including landscape design, construction, and maintenance. The following transactions occurred during the first two years of operations 1-Jan issued common stock in exchange for cash Year 1 1-Feb Landscaping equipment is purchased for cash 1210-Mar Paid for advertisements to be run during the math of March " 1-Apr Paid in advance for a one-year insurance policy 14 15-May Purchased supples on account 1-Jun Paid in advance for two years of rent on a storage facility 15 18-Jul Performed lawn mowing services for cash 17 1-Aug Paid for maintenance on the lawn mowers in cash 20-Aug Performed landscaping services on account Given Information S (629,735) (503,788) (6,140) (13.854) (27.582) (34,635) (115,242) (9.210) (89,422) (138,542) (72,420) (28.338) Formulas You Compute IN 1-Sep Borrowed money from the bark by signing a one-year note, at a rate of 20 30-Nov Received cash payment from a cum for future sets (not yet performed) 31 15-Dec. Pat new employees for one month of work payday is always on the 15th of the month December 31st Adjustments Lock Q A B 2 W W N Control option 83 S U E 14 96 x.10 5 R T 6 > D F G H x C V B H command xf 5-% Formulas You Compute December 31st Adjustments a b d Record interest that has accrued on the note (to be paid in cash on Sept 1 next year) Record insurance expense for the time lapsed on the one-year insurance policy A physical count of supplies at the end of the year reveals one third of the supplies were Record depreciation expense for the coupment estimated to have a used the of seven years with no salvage value Record rent expense for the months that the storage facility has been used Employees have worked for hat a month (December 16 December 31) in the current year but wont be paid until January 15, Hirt See the transadion on December 15th for the amount for a full month of pay Yaz 15- Patypes for one month of work Oven Information $ 15-Mar Performed half of the services for customer who paid in advance 0,210 20-Juned atonal common stock in exchange the cash 15,00 2 Colected cash from customers for services previously pr (0.480 16-Aug Performed services for cash (2343) 1-Sep Paid back the note peyse in pin, % 20S Performed sences o (140825 1219084) B 7 Q 2 A W S N trol option U 49 %6 Ax 5 B E R T Y D LL F G H C V B H command Project 5-400 Dram Page Layout Date View Of me M AA Ge 1-Sep Paid back the note pyable in upset at a rate of% 20-Sep Performed services on account -Od Parmed remaining services for customer who paid in advance 1-Now Paid for manance on equipment 15-D Paid employse salarius for the past 30-Dec Paid a dividend to owners of the business December at Adjustments 4 82343 (143625) (210084) 36.210 (22.504) (0117) (5.038) For You Compute D A physical count of supplies at the end of the years remaining supplies were wed Recond expers for the month at the storage facility has been used Employees have worked for hat a month December 16 December 31) in the cuent . year but won't be paid until January 15 See the transaction on December 15th f The amount for at month of pay) U LEE A 2. 43 49 5 6 Q W E R T Y O A S D F LL G H N x C V B H of option command
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