REQUIREMENT #1: During its introductory month of operation, the Parkview grace Corporation, which specializes in residential landscaping, completed the following transactions: July 1Began cable by making a deposit in a connection bank account of $24,000, in exchange for 4,800 shares of $5 equating value common stock. July 1paying the grant on a yearly insurance policy, $2,400. July 1Paid the current months rent, $2,080. July 3Purchased landscaping equipment from Brookwood family, $8,800. Paid $1,200 down and the parallel was placed on account. Payments will be $400.00 per month for nineteen months. The first payment is due 8/1. Note: using up Accounts Payable for the Balance Due. July 8Purchased landscaping supplies from lakeside Company on credit, $780. July 12Paid utility bill for July, $308. July 16Received bills for landscaping revenue for the first fractional of July, $2,724. July 19Made payment on account to Lakeside Company, $4 00. July 31Received notes for landscaping revenue for the go half of July, $2,620.
July 31Declared and paid cash dividend of $1,600. work journal entries to record the July transactions in the frequent ledger below.Use the following account names for journal entries. ordinary JournalChart of Accounts: Account Title (Normal Balance) DateDescription(Account Name) debit entryCredit Assets Cash (Debit) Prepaid amends (Debit) Landscaping Supplies (Debit) Landscaping Equipment (Debit) Accum Depr -Equipment (Credit) Liabilities...If you want to get a liberal essay, order it on our website:
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