Copy Format Painter Clipboard S X BIUV Font A = = = E E O Merge & Center July 2023 Transactions Date Description of the Transaction Alignment E +A July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note (As an example of how to journalize and post a transaction -- this transaction has already been entered into the General Journal and posted to the General Ledger.) July 1 Receive $63,900.00 cash from new investors, and issue $63,900.00 of Common Stock to them. July 1 July 1 Purchase $68,400.00 of new mowing equipment, paying cash to the mower dealer. Pay $500.00 cash for the July truck rental July 3 Invoice a new customer $4,500.00 for a completed mowing job - customer will pay in 10 days. July 5 The Board of Directors declares a cash dividend. The total amount of the dividend is $32,000.00 The Date of Record is set as July 15. The Date of Payment is set as July 31. July 7 Pay the employees $5,650.00 for work performed during the 1st week of July. July 10 Complete a mowing job for a new customer-customer pays $6,800.00 cash for the job. July 12 Collect $3,500.00 cash from the golf course for special rush mowing job completed on May 31. July 14 Pay the employees $6,500.00 for work performed during the 2nd week of July. July 15 Purchase $2,825.00 of supplies from the mower dealer. The supplies are consumed immediately Lenny's will pay the mower dealer for the supplies in about 2 weeks. July 15 Collect $4,500.00 on account. The cash that is received is from the new customer for the job that was completed on July 3. ady Directions Trans Chart Accts Accessibility: Investigate Et C Journal GL Assets GL Liab-Equity GL Rev-Exp Trial Ba O