LaneScapes Incorporated Transactions Background LaneScapes Incorporated is a newly founded corporation in Oregon that provides premium...

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LaneScapes Incorporated Transactions Background LaneScapes Incorporated is a newly founded corporation in Oregon that provides premium ecologically conscious landscaping services in Lane County. Instructions Create T accounts for each of the accounts listed in the chart of accounts. (pg. 3) Post all the transactions (pg. 2) to the T accounts. Create a Trial Balance, Income Statement, Statement of Retained Earnings and Balance Sheet for the company. Formatting Include appropriate three line titles for each financial statement. Organize the financial statements onto 8.5 x 11 sheets in a portrait format Once you're happy with the formatting of the statements, save the statements in pdt format. You do not need to upload or include your T accounts) 4/1 Shareholders deposit $5,000 into the checking account to establish the corporation 4/2-Check #101 written to the Oregon Contractors Board for $150 to obtain a license 4/3 Receive a check for $800 for helping a neighbor trim a large hedge. 4/4 Check #102 written for $1200 for a used utility trailer 4/6- Receive $500 cash for mowing, edging, trimming and weeding an overrun yard 4/7-Check #103 written for $850 for a new riding lawn mower. 4/8-Receive a check for $85 for the removal and hauling away of a shrub 4/9-Receive a check for $200 for the first regular lawn maintenance client. 4/10-Check #104 written for $65 for gasoline and other supplies 4/11-Check #105 written to Lane Forest for $35 yard debris dump fee. 4/12-Check #106 written for 545 maintenance on an old edge trimmer. 4/13-Receive a check for $1200 for the removal of a dead tree 4/14 Check #107 written to Accidental Insurance for professional lability coverage, 5480 4/15-Received $200 from the second regular monthly client. 4/16-Paid $250 to a welder to have tubes attached to the trailer for hand implements, check #105 4/17-Contacted the bank and received a debit card and applied for a visa card 4/18-Use debit card to purchase fertilizer, 598 4/19-Received $200 from the third regular monthly dient 4/20-Received $1200 from a contractor for cleaning a field 4/21-Use the debit card to purchase x chipper, $725 4/22 Check #108 written for an arborist class, $100 4/23-Purchase a used truck with $1000 down (check #109) and borrowed $15,000 4/24 Sold the old truck for $5,000 and contributed the proceeds to the business 4/25-Spent two days removing a massive hedge for a client and received $1200 4/26-Debit card used to purchase a new blower, $225 A/27-Check #109 written to Les Schwab for $435 to replace the trailer tires 4/28 Check #110 written to Geekshus for new web domain and website, $175 4/29 Received $200 from the fourth regular monthly customer 4/30-Check #111 written to contract laborer for 5800 4/30-Check #112 written for payment on the truck loan, $394 Adjustments 4/30-Bank statement shows a 52 service charge for the privilege of having a checking account 4/10-Trander to insurance Expense 1/12th of the Prepaid Insurance LaneScapes Incorporated Chart of Accounts April I Assets Cash Truck Trailer Mower Blower Liabilities Loan Payable Equities Common Stock Retained Earnings Revenue Project Income Maintenance income Expenses Licenses and fees Supple Continuing Education Maintenance Expenses Marketing Insurance Expense Contract Labor Banking Expense Here are a few notes that should be helpful with the bookkeeping project: 4/14 - You'll need to create a prepaid insurance account. It is not listed on the chart of accounts. 4/21 - You'll need to create a chipper account (fixed asset) it is not listed on the chart of accounts. 4/24 - The old truck is not on the company books and should think of the transaction as just a contribution to capital. It would be a debit of $5,000 to cash and a credit of $5000 to common stock. Here are some numbers that might help for the bookkeeping project: Total Cash: $8,751 Total Revenue: $ 5,785 LaneScapes Incorporated Transactions Background LaneScapes Incorporated is a newly founded corporation in Oregon that provides premium ecologically conscious landscaping services in Lane County. Instructions Create T accounts for each of the accounts listed in the chart of accounts. (pg. 3) Post all the transactions (pg. 2) to the T accounts. Create a Trial Balance, Income Statement, Statement of Retained Earnings and Balance Sheet for the company. Formatting Include appropriate three line titles for each financial statement. Organize the financial statements onto 8.5 x 11 sheets in a portrait format Once you're happy with the formatting of the statements, save the statements in pdt format. You do not need to upload or include your T accounts) 4/1 Shareholders deposit $5,000 into the checking account to establish the corporation 4/2-Check #101 written to the Oregon Contractors Board for $150 to obtain a license 4/3 Receive a check for $800 for helping a neighbor trim a large hedge. 4/4 Check #102 written for $1200 for a used utility trailer 4/6- Receive $500 cash for mowing, edging, trimming and weeding an overrun yard 4/7-Check #103 written for $850 for a new riding lawn mower. 4/8-Receive a check for $85 for the removal and hauling away of a shrub 4/9-Receive a check for $200 for the first regular lawn maintenance client. 4/10-Check #104 written for $65 for gasoline and other supplies 4/11-Check #105 written to Lane Forest for $35 yard debris dump fee. 4/12-Check #106 written for 545 maintenance on an old edge trimmer. 4/13-Receive a check for $1200 for the removal of a dead tree 4/14 Check #107 written to Accidental Insurance for professional lability coverage, 5480 4/15-Received $200 from the second regular monthly client. 4/16-Paid $250 to a welder to have tubes attached to the trailer for hand implements, check #105 4/17-Contacted the bank and received a debit card and applied for a visa card 4/18-Use debit card to purchase fertilizer, 598 4/19-Received $200 from the third regular monthly dient 4/20-Received $1200 from a contractor for cleaning a field 4/21-Use the debit card to purchase x chipper, $725 4/22 Check #108 written for an arborist class, $100 4/23-Purchase a used truck with $1000 down (check #109) and borrowed $15,000 4/24 Sold the old truck for $5,000 and contributed the proceeds to the business 4/25-Spent two days removing a massive hedge for a client and received $1200 4/26-Debit card used to purchase a new blower, $225 A/27-Check #109 written to Les Schwab for $435 to replace the trailer tires 4/28 Check #110 written to Geekshus for new web domain and website, $175 4/29 Received $200 from the fourth regular monthly customer 4/30-Check #111 written to contract laborer for 5800 4/30-Check #112 written for payment on the truck loan, $394 Adjustments 4/30-Bank statement shows a 52 service charge for the privilege of having a checking account 4/10-Trander to insurance Expense 1/12th of the Prepaid Insurance LaneScapes Incorporated Chart of Accounts April I Assets Cash Truck Trailer Mower Blower Liabilities Loan Payable Equities Common Stock Retained Earnings Revenue Project Income Maintenance income Expenses Licenses and fees Supple Continuing Education Maintenance Expenses Marketing Insurance Expense Contract Labor Banking Expense Here are a few notes that should be helpful with the bookkeeping project: 4/14 - You'll need to create a prepaid insurance account. It is not listed on the chart of accounts. 4/21 - You'll need to create a chipper account (fixed asset) it is not listed on the chart of accounts. 4/24 - The old truck is not on the company books and should think of the transaction as just a contribution to capital. It would be a debit of $5,000 to cash and a credit of $5000 to common stock. Here are some numbers that might help for the bookkeeping project: Total Cash: $8,751 Total Revenue: $ 5,785