Question: i need help with general journal, GL assets, GL liab-equity, Gl rev-exp,trial balance , is& secuirity ,balnce sheet ,post close tb Date Description of the
Date Description of the Transaction July 1 Borrow $35,000.00 from 1 st Bank by signing a 24 month note (As an example of how to joumalue and post a transaction - this transaction has aiready been entered into the Gentaral Journal and posted to the General Ledger) July 1 Receive $63,900.00 cash from new imvestors, and issue $63,900.00 of Common Stock to them. July 1 Purchase $68,400.00 of new mowing equipment, paying cash to the mower dealer: July 1 Pay $500.00 cash for the July truck rental July 3 Invoice a new customer $4,50000 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 1 st 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
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