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REQUIREMENT #1: During its first month of operation, the Parkview Landscaping Corporation, which specializes in residential landscaping, completed the following(a) transactions: July 1Began stemma by reservation a deposit in a company edge account of $24,000, in exchange for 4,800 shares of $5 par survey common stock. July 1 gainful the exchange premium on a one-year indemnity policy, $2,400. July 1 remunerative the current months rent, $2,080. July 3Purchased landscaping equipment from Brookwood company, $8,800. Paid $1,200 down and the fit was placed on account. Payments will be $400.00 per month for xix months. The first payment is due 8/1. Note: utilisation Accounts Payable for the Balance Due. July 8Purchased landscaping supplies from lakeshore Company on credit, $780. July 12Paid utility bill for July, $308. July 16Cash landscaping tax income for the first half of July, $2,724. July 19Made payment on account to lakeshore Company, $4 00. July 31Cash landscaping revenue for the last half of July, $2,620.

July 31Declared and paid exchange dividend of $1,600. Prepare journal entries to participate the July transactions in the full general Journal below.Use the following account names for journal entries. ordinary Journal map of Accounts: Account Title (Normal Balance) DateDescription(Account Name)DebitCredit 2011Assets Jul. 1Cash24,000Cash (Debit) Common Stock24,000Prepaid redress (Debit) Prepaid Insurance2,400Landscaping Supplies (Debit) Cash2,400 (Paid one-year insurance policy) Rent...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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