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la Copy Format Painter BTU...A + Merye Font Alignment Clipboard X f Lenny's Lawn Service, Inc. - Transactions - Additional Information July 2021 Transactions Date Description of the Transaction July Borrow $35,000.00 from topy by signing a 24 monthnote Atle orhidund post contraction has ready been entered No the Germaandsted to the centrale July 1 Receive 567 700,00 cash from new investors, and issue 567 700.00 of Common Stock to them July 1 Purchase $44, 100 00 of new mowing equipment paying cash to the mower dealer July 1 Pay $500.00 cash for the duly truck rental DONE July 3 Invoice a new customer 54,705.00 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 525,000.00 The Date of Record is set as July 15. The Date of Payment is set as July 31 July z Pay the employees 55.800.00 for work performed during the 1st week of July July 10 Complete a mowing ob for a new customer - Customer pays 54 200:00 cash for the job July 12 Collect $3.500.00 cash from the golf course for special rush mowing pb completed on May 31 July 14 Pay the employees 37,000.00 dor work performed during the 2nd week of July July 15 Purchase 51,020.00 of supplies from the mower dealer. The supples are consumed immediately Lenny's will pay the mower dealer for the supplies in about 2 weeks Trans Chart Acets Directions Journal GL Assets Gl Liab Equity GL Rev Exp Ready O SE Type here to search + Paste Copy Format Painter B TU >> A.EE !! Clipboard Font Alignment C2 X July 10 Complete a moving oblor a new customer-customer pays $4,200.00 cash for the job July 12 Collect $3.500.00 cash from the golf course for specialrush mowing lob completed on May 31 July 14 Pavthe employees $7000.00 for work performed during the 2nd week of July July 15 Purchase $1020 00 of supplies from the mower dealer. The supplies are consumed immediately Lenny will pay the mower dealer for the supplies in about 2 weeks. July 15 Collect 64.705.00 on account. The cash that is received is from the new customer for the job that was completed on Ju 3. + July 17 One of the original mowers purchased in January of 2020 broke down andis repaired by the mower dealet. The cost of the Mower Repairobis 525.00 Lennyis will pay the mover dealer in 30 days July 19 Pachase to cash 822 750.00 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 17 100.00 Tor vork performed during the 3rd week of July July 23 Receive. 122,250.00 advance payment from the university. The advance payment is for months of work which will be performed from August 1, 2021to January 31 2022 2 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $4.950.00 The golf course pays 150000 cash on the date and will pay the remainder on August 25 July 27 Complete a moving job for a new customer -- customersys 13,900,00 cash for the job July 27 Pw $1.020.00 cash to the mower dealer for the supplies purchased on account on July 15 July 28 Pay the employees 16.100.00 for work performed during the dth week of July July 31 Invoice the propery management company #20 25000 for Juhy mowing work. The property management comparwilaythe invoice on the 20th of new month DHE E July 31 Pay the cath dividend which was declared on July 5 Directions Trans Chart Act Journal GL Assets GL Liab-Equity Type here to search o ( Incest Page Layout Formulas Data Home Review File View Help Arial 12 * Cut De Copy -AA 2 Wrap Text Paste BLU- -A- Format Painter Clipboard Font Alignment C2 F Additional Information Equipment The $48.000.00 beginning balance in the Equipment account relates to the moving equipment Moh was purchased on January 2, 2020. For information related to this moving equipment see Page 70 in the Solid Footing text (PDF 07 - Intro to Adjusting Entries Thit equipment continues to be ured and should be depreciated for the month of July The following information relates to the new equipment which was purchased on July 1, 2027 The new equipment was placed into service on July 1 2021 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 $24.100.00 supplies on-hand Supplies Moving Servic at the Univers The monthly mowing service 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 Fooling tow (PDF 0B - Adiutina Entries Continued Wages Due the Employee: 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 13.425 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 Bankwill be paid every three months. The first erest pay to the bank will be made on September 30, 2021 Lenny's calls the bank on July 31 and the barkindlo stes that the interest on the loan for July is 930.00 Trans Journal Chart Acces Directions GL Assets G. Liab-Equr Ready HE Type here to search la Copy Format Painter BTU...A + Merye Font Alignment Clipboard X f Lenny's Lawn Service, Inc. - Transactions - Additional Information July 2021 Transactions Date Description of the Transaction July Borrow $35,000.00 from topy by signing a 24 monthnote Atle orhidund post contraction has ready been entered No the Germaandsted to the centrale July 1 Receive 567 700,00 cash from new investors, and issue 567 700.00 of Common Stock to them July 1 Purchase $44, 100 00 of new mowing equipment paying cash to the mower dealer July 1 Pay $500.00 cash for the duly truck rental DONE July 3 Invoice a new customer 54,705.00 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 525,000.00 The Date of Record is set as July 15. The Date of Payment is set as July 31 July z Pay the employees 55.800.00 for work performed during the 1st week of July July 10 Complete a mowing ob for a new customer - Customer pays 54 200:00 cash for the job July 12 Collect $3.500.00 cash from the golf course for special rush mowing pb completed on May 31 July 14 Pay the employees 37,000.00 dor work performed during the 2nd week of July July 15 Purchase 51,020.00 of supplies from the mower dealer. The supples are consumed immediately Lenny's will pay the mower dealer for the supplies in about 2 weeks Trans Chart Acets Directions Journal GL Assets Gl Liab Equity GL Rev Exp Ready O SE Type here to search + Paste Copy Format Painter B TU >> A.EE !! Clipboard Font Alignment C2 X July 10 Complete a moving oblor a new customer-customer pays $4,200.00 cash for the job July 12 Collect $3.500.00 cash from the golf course for specialrush mowing lob completed on May 31 July 14 Pavthe employees $7000.00 for work performed during the 2nd week of July July 15 Purchase $1020 00 of supplies from the mower dealer. The supplies are consumed immediately Lenny will pay the mower dealer for the supplies in about 2 weeks. July 15 Collect 64.705.00 on account. The cash that is received is from the new customer for the job that was completed on Ju 3. + July 17 One of the original mowers purchased in January of 2020 broke down andis repaired by the mower dealet. The cost of the Mower Repairobis 525.00 Lennyis will pay the mover dealer in 30 days July 19 Pachase to cash 822 750.00 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 17 100.00 Tor vork performed during the 3rd week of July July 23 Receive. 122,250.00 advance payment from the university. The advance payment is for months of work which will be performed from August 1, 2021to January 31 2022 2 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $4.950.00 The golf course pays 150000 cash on the date and will pay the remainder on August 25 July 27 Complete a moving job for a new customer -- customersys 13,900,00 cash for the job July 27 Pw $1.020.00 cash to the mower dealer for the supplies purchased on account on July 15 July 28 Pay the employees 16.100.00 for work performed during the dth week of July July 31 Invoice the propery management company #20 25000 for Juhy mowing work. The property management comparwilaythe invoice on the 20th of new month DHE E July 31 Pay the cath dividend which was declared on July 5 Directions Trans Chart Act Journal GL Assets GL Liab-Equity Type here to search o ( Incest Page Layout Formulas Data Home Review File View Help Arial 12 * Cut De Copy -AA 2 Wrap Text Paste BLU- -A- Format Painter Clipboard Font Alignment C2 F Additional Information Equipment The $48.000.00 beginning balance in the Equipment account relates to the moving equipment Moh was purchased on January 2, 2020. For information related to this moving equipment see Page 70 in the Solid Footing text (PDF 07 - Intro to Adjusting Entries Thit equipment continues to be ured and should be depreciated for the month of July The following information relates to the new equipment which was purchased on July 1, 2027 The new equipment was placed into service on July 1 2021 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 $24.100.00 supplies on-hand Supplies Moving Servic at the Univers The monthly mowing service 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 Fooling tow (PDF 0B - Adiutina Entries Continued Wages Due the Employee: 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 13.425 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 Bankwill be paid every three months. The first erest pay to the bank will be made on September 30, 2021 Lenny's calls the bank on July 31 and the barkindlo stes that the interest on the loan for July is 930.00 Trans Journal Chart Acces Directions GL Assets G. Liab-Equr Ready HE Type here to search

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