Jate Description of the Transact !1 Day 1 Beginning Balance Journal Page # Debit Credit Balance 33,500.00 33,500.00 Dr July 1 Borrow $35,000.00 from 1st E (As an example of how to jour into the General Journal and July 1 Receive $68,700.00 cash from July 1 Purchase $44,700.00 of new July 1 Pay $500.00 cash for the Jul count # 110 Supplies July 3 Invoice a new customer $5,1 2021 inth-Day 7.1 Journal Page 2 Debit Credit Balance July 5 The Board of Directors decla The Date of Record is set as Beginning Balance 4,375.00 4,375.00 DP July 7 Pay the employees $5,800.C July 10 Complete a mowing job for a Account W 150 Equipment July 12 Collect $3,500.00 cash from 2021 Journal Page Month Day 7.1 Credit Beginning Balance Debit 48,000.00 Balance 48,000.00 DE July 14 Pay the employees $7,000. July 15 Purchase $1,020.00 of supp Lenny's will pay the mowers Account # 156 Accumulated Depreciation ] July 15 Collect $5,130.00 on accou that was completed on July 2071 Journal Page Debit 7-1 Beginning Balance Credit 18,000.00 Balance 18,000.00 July 17 One of the original mowers dealer. The cost of the Mov Direction Chart Acca Journal GL Assets GL Lab Equity GL RE-END Trial July 19 Purchase for cash $22.750 Type here to search July 20 Collect $30,000.00 from the July 21 Pay the employees $7.100 Directions Trans Chart Acets JI Date Description of the Transaction July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. (As an example of how to journalize and posta transaction this transaction has already been entered into the General Journal and posted to the Coneral Ledger July 1 Receive $68,700.00 cash from new investors, and issue $68,700.00 of Common Stock to them July 1 Purchase $44,700.00 of new mowing equipment, paying cash to the mower dealer July 1 Pay $500.00 cash for the July truck rental July 3 Invoice a new customer S5,130.00 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 $25,000.00 The Date of Record is set as July 15. The Date of Payment is set as July 31. July 7 Pay the employees $5,800.00 for work performed during the 1st week of July July 10 Complete a mowing job for a new customer - customer pays $4,200.00 cash for the job. July 12 Collect $3,500.00 cash from the golf course for special rush mowing job completed on May 31 July 14 Pay the employees $7,000.00 for work performed during the 2nd week of July July 15 Purchase 51,020.00 of supplies from the mower dealer. The supplies are consumed immediately Lenny's will pay the mower dealer for the supplies in about 2 weeks July 15 Collect $5,130.00 on account. The cash that is received is from the new customer for the job that was completed on July 3. July 17 One of the original mowers purchased in January of 2020 broke down and is repaired by the mower dealer. The cost of the Mower Repair job is $575.00. Lenny's will pay the mower dealer in 30 days July 19 Purchase for cash $22,750.00 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 57,100.00 for work performed during the 3rd week of July July 23 Receive a $23,750.00 advance payment from the university. The advance payment is for 6 months of work which will be performed from August 1,2021 to January 31, 2022 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $5.350.00 The golf course pays $500,00 cash on this date and will pay the remainder on August 25 Directions Trans Chart Acets Journal GL Lab Equity GL RevExp GL Assets Trial Bal S & SEquity Ready Jate Description of the Transact !1 Day 1 Beginning Balance Journal Page # Debit Credit Balance 33,500.00 33,500.00 Dr July 1 Borrow $35,000.00 from 1st E (As an example of how to jour into the General Journal and July 1 Receive $68,700.00 cash from July 1 Purchase $44,700.00 of new July 1 Pay $500.00 cash for the Jul count # 110 Supplies July 3 Invoice a new customer $5,1 2021 inth-Day 7.1 Journal Page 2 Debit Credit Balance July 5 The Board of Directors decla The Date of Record is set as Beginning Balance 4,375.00 4,375.00 DP July 7 Pay the employees $5,800.C July 10 Complete a mowing job for a Account W 150 Equipment July 12 Collect $3,500.00 cash from 2021 Journal Page Month Day 7.1 Credit Beginning Balance Debit 48,000.00 Balance 48,000.00 DE July 14 Pay the employees $7,000. July 15 Purchase $1,020.00 of supp Lenny's will pay the mowers Account # 156 Accumulated Depreciation ] July 15 Collect $5,130.00 on accou that was completed on July 2071 Journal Page Debit 7-1 Beginning Balance Credit 18,000.00 Balance 18,000.00 July 17 One of the original mowers dealer. The cost of the Mov Direction Chart Acca Journal GL Assets GL Lab Equity GL RE-END Trial July 19 Purchase for cash $22.750 Type here to search July 20 Collect $30,000.00 from the July 21 Pay the employees $7.100 Directions Trans Chart Acets JI Date Description of the Transaction July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. (As an example of how to journalize and posta transaction this transaction has already been entered into the General Journal and posted to the Coneral Ledger July 1 Receive $68,700.00 cash from new investors, and issue $68,700.00 of Common Stock to them July 1 Purchase $44,700.00 of new mowing equipment, paying cash to the mower dealer July 1 Pay $500.00 cash for the July truck rental July 3 Invoice a new customer S5,130.00 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 $25,000.00 The Date of Record is set as July 15. The Date of Payment is set as July 31. July 7 Pay the employees $5,800.00 for work performed during the 1st week of July July 10 Complete a mowing job for a new customer - customer pays $4,200.00 cash for the job. July 12 Collect $3,500.00 cash from the golf course for special rush mowing job completed on May 31 July 14 Pay the employees $7,000.00 for work performed during the 2nd week of July July 15 Purchase 51,020.00 of supplies from the mower dealer. The supplies are consumed immediately Lenny's will pay the mower dealer for the supplies in about 2 weeks July 15 Collect $5,130.00 on account. The cash that is received is from the new customer for the job that was completed on July 3. July 17 One of the original mowers purchased in January of 2020 broke down and is repaired by the mower dealer. The cost of the Mower Repair job is $575.00. Lenny's will pay the mower dealer in 30 days July 19 Purchase for cash $22,750.00 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 57,100.00 for work performed during the 3rd week of July July 23 Receive a $23,750.00 advance payment from the university. The advance payment is for 6 months of work which will be performed from August 1,2021 to January 31, 2022 July 25 Complete a special mowing job for the golf course. The total price for the mowing job is $5.350.00 The golf course pays $500,00 cash on this date and will pay the remainder on August 25 Directions Trans Chart Acets Journal GL Lab Equity GL RevExp GL Assets Trial Bal S & SEquity Ready