Donegan$$s Lawn Care Service began operations in July $2011.$The company engaged in the following transactions during its first month of operations: July $18$Issued $500$shares of capital stock to Patrick Donegan for $$1,500.$july $22$Purchased office supplies on account for $$100.$july $23$Purchased mowing equipment for $$2,000,$paying $$400$cash and issuing a $60-$day note payable for the remaining balance. july $24$Paid $$25$cash for gasoline. All of this fuel will be used in July. july $25$Billed Lost Creek Cemetery $$150$for mowing services. The entire amount is due July $30.$july $26$Billed Golf View Condominiums $$200$for mowing services. The entire amount is due August $1.$july $27$The owner borrowed $$1,000$from a local bank for personal use. july $30$Collected $$150$from Lost Creek Cemetery for mowing services provided on July $25.$july $31$Paid $$80$salary to employee Teddy Grimm for work performed in July.

 

 In Jan $2011,$ Michael McBryan and family started Overnight Auto Service Corporation. A summary of Overnight Auto Service transactions completed through Jan $2011$ follows:  

 

Required:

$1.$ Post each entry to the appropriate ledger accounts.

Answer rating: 100% (QA)

Here are the ledger accounts for Donegans Lawn Care Services transactions in July 2011 Cash Account ... View the full answer