During its first month of operation, the Flower Landscaping Corporation, which specializes in residential landscaping,completed the following transactions:March 1Began business by making a deposit in a company bank account of $72,000, in exchangefor 7,200 shares of $10 par value common stock.March 1Paid the current month’s rent, $4,500.March 1Paid the premium on a one-year insurance policy, $3,300.March 7Purchased supplies on account from Parkview Company, $900.March 10 Paid employee salaries, $2,200.March 14 Purchased equipment from Hammond Company, $9,000. Paid $1,500 down and the balance wasplaced on account. Payments will be $375.00 per month for twenty months. The first payment is due 4/1.Note: Use Accounts Payable for the Balance Due.March 15 Received cash for landscaping revenue for the first half of March, $4,896.March 19 Made payment on account to Parkview Company, $450.March 31 Received cash for landscaping revenue for the last half of March, $5,304.March 31 Declared and paid cash dividend of $1,000.Prepare journal entries to record the March transactions in the General Journal below.DateGeneral JournalDescription(Account Name) DebitCredit
DISCLAIMER
papertowrite.com helps students cope with college assignments and write papers on a wide range of topics. We deal with academic writing, creative writing, and non-word assignments.
Security
The privacy of our customers is highly important for us. No personal information or financial data will be passed to third parties. Read our Privacy Policy to find out more information.
Contact
SUBMIT A WRITTEN REQUEST AND OUR CUSTOMER SERVICE TEAM WILL REPLY BACK TO YOU AS QUICKLY AS POSSIBLE (USUALLY WITHIN 10 MINUTES).
E mail:papertowriters@gmail.com
Phone:+1(469) 807-0212