REQUIREMENT #1: During its number 1 calendar month of operation, the Parkview Landscaping Corporation, which specializes in residential landscape gardening, completed the following(a) proceeding: July 1Began stemma by fashioning a deposit in a company banking concern account of $24,000, in substitute for 4,800 shares of $5 par value joint stock. July 1 gainful the exchange premium on a one-year indemnity policy, $2,400. July 1Paid the on-going months rent, $2,080. July 3Purchased landscaping equipment from Brookwood company, $8,800. Paid $1,200 gloomy and the fit was placed on account. Payments will be $400.00 per month for xix months. The source honorarium is due 8/1. tonicity: utilisation Accounts Payable for the correspondence Due. July 8Purchased landscaping supplies from Lakeside guild on credit, $780. July 12Paid utility bank bill for July, $308. July 16Cash landscaping revenue for the first one-half of July, $2,724. July 19Made payment on account to Lakeside Company, $400. July 31Cash landscaping revenue for the last half of July, $2,620.
July 31Declared and paid cash dividend of $1,600. invent journal entries to participate the July minutes in the General daybook below.Use the following account call for journal entries. General journal map of Accounts: Account human action (Normal Balance) DateDescription(Account Name)DebitCredit 2011Assets Jul. 1Cash24,000Cash (Debit) Common Stock24,000prepaid insurance (Debit) Prepaid Insurance2,400Landscaping Supplies (Debit) Cash2,400 (Paid one-year insurance policy) Rent...If you wishing to get a skillful essay, order it on our website: Ordercustompaper.com
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