Interested in a PLAGIARISM-FREE paper based on these particular instructions?...with 100% confidentiality?

Order Now

During its first month of operation, the Flower Landscaping Corporation, which specializes in residential landscaping,completed the following transactions: March 1 Began business by making a deposit in a company bank account of $72,000, in exchangefor 7,200 shares of $10 par value common stock. March 1 Paid the current month’s rent, $4,500. March 1 Paid the premium on a one-year insurance policy, $3,300. March 7 Purchased supplies on account from Parkview Company, $900. March 10 Paid employee salaries, $2,200. March 14 Purchased equipment from Hammond Company, $9,000. Paid $1,500 down and the balance was placed on account. Payments will be $375.00 per month for twenty months. The first payment is due 4/1. Note: Use Accounts Payable for the Balance Due. March 15 Received cash for landscaping revenue for the first half of March, $4,896. March 19 Made payment on account to Parkview Company, $450. March 31 Received cash for landscaping revenue for the last half of March, $5,304. March 31 Declared and paid cash dividend of $1,000. Prepare journal entries to record the March transactions in the General Journal below. Date General Journal Description(Account Name) Debit Credit

During its first month of operation, the Flower Landscaping Corporation, which specializes in residential landscaping,completed the following transactions:
March 1

Began business by making a deposit in a company bank account of $72,000, in exchangefor 7,200 shares of $10 par value common stock.

March 1

Paid the current month’s rent, $4,500.

March 1

Paid the premium on a one-year insurance policy, $3,300.

March 7

Purchased supplies on account from Parkview Company, $900.

March 10 Paid employee salaries, $2,200.
March 14 Purchased equipment from Hammond Company, $9,000. Paid $1,500 down and the balance was
placed on account. Payments will be $375.00 per month for twenty months. The first payment is due 4/1.
Note: Use Accounts Payable for the Balance Due.
March 15 Received cash for landscaping revenue for the first half of March, $4,896.
March 19 Made payment on account to Parkview Company, $450.
March 31 Received cash for landscaping revenue for the last half of March, $5,304.
March 31 Declared and paid cash dividend of $1,000.
Prepare journal entries to record the March transactions in the General Journal below.

Date

General Journal
Description(Account Name) Debit

Credit

Interested in a PLAGIARISM-FREE paper based on these particular instructions?...with 100% confidentiality?

Order Now