The post-closing trial balance of Peter's Lawn Services as at 30 June 2021 is as follows:...

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The post-closing trial balance of Peter's Lawn Services as at 30 June 2021 is as follows: Debit $ Credit $ Cash at bank 15,800 Accounts receivable 4,600 Fertiliser Supplies 900 Equipment 21,000 Accumulated depreciation - Equipment 3,000 Accounts payable 2,300 Bank loan 25,000 Peter, Capital 12,000 42,300 42,300 The following transactions occurred during the month of July 2021. July 1 Purchased a used motor vehicle for cash, $12,000, for use in business. 7 Completed landscaping job for a client and received cash, $15,000. 10 Performed lawn services for a client on credit, $1,800 12 Purchased fertiliser supplies on credit, $2,000 14 Paid $3,500 of the accounts payable. 15 Received $900 on account from 10 July transaction. 25 Peter withdrew capital of $3,500. 31 Paid $5,160 for a one-year insurance policy. Required a) Journalise the transactions for the month of July 2021. Narrations are required. (16 Marks) b) Prepare the cash at bank ledger account as at 31 July 2021. (4 Marks) The post-closing trial balance of Peter's Lawn Services as at 30 June 2021 is as follows: Debit $ Credit $ Cash at bank 15,800 Accounts receivable 4,600 Fertiliser Supplies 900 Equipment 21,000 Accumulated depreciation - Equipment 3,000 Accounts payable 2,300 Bank loan 25,000 Peter, Capital 12,000 42,300 42,300 The following transactions occurred during the month of July 2021. July 1 Purchased a used motor vehicle for cash, $12,000, for use in business. 7 Completed landscaping job for a client and received cash, $15,000. 10 Performed lawn services for a client on credit, $1,800 12 Purchased fertiliser supplies on credit, $2,000 14 Paid $3,500 of the accounts payable. 15 Received $900 on account from 10 July transaction. 25 Peter withdrew capital of $3,500. 31 Paid $5,160 for a one-year insurance policy. Required a) Journalise the transactions for the month of July 2021. Narrations are required. (16 Marks) b) Prepare the cash at bank ledger account as at 31 July 2021. (4 Marks)

Answer rating: 100% (QA)

a Journalise the transactions for the month of July 2021 Narrations are required Date Account Title ... View the full answer