Hello and Good Morning,
I need help with an Accounting assignment. I am having some difficulties. Actually, as a part of this assignment, I need to provide journal entries, general ledger and then create a trial balance. I just need to know that I am on the right track because it does not seem correct what I have thus far. Thanks.
During its first month of operation, the Leonard Landscaping Company, which, specializes in landscaping services, completed the following transactions. | |
April Transactions | |
Date | Transaction Description |
April 1 | Started a landscaping business by making a $50,000 deposit in a company bank account, in exchange for 5,000 shares of $10 par value common stock. |
April 1 | Purchased insurance for the year and paid $3,600 cash. |
April 1 | Paid monthly rental of $2,500 cash on a warehouse to store the landscaping equipment. |
April 3 | Purchased landscaping equipment from Toro for $15,000, paying a downpayment of $10,000 cash, and $5,000 on account. |
April 5 | Purchased landscaping supplies of $750 on account. |
i | Paid $500 cash for advertising in local newspapers. |
April 10 | Received $12,500 in cash for landscaping services provided. |
April 12 | Paid $2,000 on account for landscaping equipment previously purchased on April 3rd. |
April 15 | Provided landscaping services on account for $1,200. |
April 20 | Received $10,500 in cash for landscaping services provided. |
April 28 | Received $600 cash on account for landscaping services performed on April 15th. |
April 30 | Received $4,000 cash for landscaping services provided. |
April 30 | Paid a utility bill of $700 cash. |
April 30 | Paid dividends of $3,000 cash |
April 30 | The inventory of landscaping supplies showed a balance of $300 on hand at the end of the month. |
Hello and Good Morning, I need help with an Accounting assignment. I am having some difficulties....
Hello. I was wondering if someone else could help me with this assignment. I received expert help earlier today but honestly I could not read the handwriting. No offense!! I think we have all become more accustomed to typing rather than writing. Plus, my request is quite lengthy. Essentially, I have an assignment that I need to turn in but I need to ensure what I have thus far is correct. As a part of this assignment, I need to...
During its first month of operation, the Leonard Landscaping Company, which, specializes in landscaping services, completed the following transactions. April Transactions Date Transaction Description April 1 Started a landscaping business by making a $50,000 deposit in a company bank account, in exchange for 5,000 shares of $10 par value common stock. April 1 Purchased insurance for the year and paid $3,600 cash. April 1 Paid monthly rental of $2,500 cash on a warehouse to store the landscaping equipment. April 3...
April Transactions Date Transaction Description April 1 Started a landscaping business by making a $50,000 deposit in a company bank account, in exchange for 5,000 shares of $10 par value common stock. April 1 Purchased insurance for the year and paid $3,600 cash. April 1 Paid monthly rental of $2,500 cash on a warehouse to store the landscaping equipment. April 3 Purchased landscaping equipment from Toro for $15,000, paying a downpayment of $10,000 cash, and $5,000 on account. April 5...
Ember Landscaping Services Ltd. completed the following transactions during July 2019, its first month of operations: July 1 Received cash of $100,000 and issued common shares. 2 Purchased equipment for $70,000 cash. 3 Purchased supplies on account, $800. 10 Performed landscaping services for customers on account, $7,900. 14 Paid $500 on accounts payable. 18 Collected cash from customers on account, $5,000. 23 Paid utilities expense, $300. 25 Performed landscaping services for customers and received cash of $2,500. 30 Paid the...
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