REQUIREMENT #1: During its startle month of operation, the Parkview grace Corporation, which specializes in residential beautify, completed the following proceeding: July 1Began cable by making a ready in a society bank greenback of $24,000, in exchange for 4,800 shares of $5 par cherish common stock. July 1paying the grant on a one-year indemnity policy, $2,400. July 1 compensable the current months rent, $2,080. July 3Purchased landscape equipment from Brookwood family, $8,800. Paid $1,200 down and the match was put on account. Payments will be $400.00 per month for xix months. The counterbalance payment is due 8/1. Note: phthisis figures due for the Balance Due. July 8Purchased landscaping supplies from lakeside Company on credit, $780. July 12Paid utility-grade bill for July, $308. July 16Received cash for landscaping revenue for the first waist-length of July, $2,724. July 19Made payment on account to Lakeside Company, $400. July 31Received cash for landscaping revenue for the go half of July, $2,620.
July 31Declared and paid cash dividend of $1,600. imprint journal entries to record the July transactions in the popular account book below.Use the following account name calling for journal entries. General JournalChart of Accounts: Account Title (Normal Balance) DateDescription(Account Name) debit entryCredit Assets silver (Debit) Prepaid Insurance (Debit) embellish Supplies (Debit) Landscaping Equipment (Debit) Accum Depr -Equipment (Credit) Liabilities...If you want to bewitch a full essay, fiat it on our website:
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