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  3. exercise 2. donegan's lawn care services bega oper

Exercise 2. Donegan's Lawn care services bega operatios in July 2007. The company engaged in...

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Accounting

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Exercise 2. Donegan's Lawn care services bega operatios in July 2007. The company engaged in the following transactions during its first month of operations. July 18 Commenced business with a capital of $750,000 July 22 Purchased office supplies on account for $4,000 July 23 Purchased mowing equipmentfor $2,000. Paying 400 cash and issuing a 60-day note payable for the remaining balance. July 24 Paid $25 cash for fuel. July 25 Billed Lost creek Cemetry $150 for mowing services. The entire amount is due July 26 Sold goods for cash $200. July 27 Paid $980 to Bob Needham,on his account for $1,000 in settlement. July 30 Collected $150 from Lost Creek Cemetry for mowing services provided on July 25. July 31 Paid $80 salary to employee Teddy Grimm for work performed in July. Record each of the above transactions in general journal form

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