Duvall Landscaping, Part 2, Spring 2008
Business Transactions

    Chart of Accounts:
 

110  Cash
120  Landscape Trucks
130  Computer Equipment
140  Lawn Equipment
150  Garden Supplies
210  Bank of America
220  Redmond Lawn and Garden
310  Your Name, Capital
320  Your Name, Drawing
  		410  Sales
510  Purchases
610  Rent Expense
620  Gas Expense
640  Equipment Repair Expense
650  Miscellaneous Expense

Date

 Transaction
Mar 11 Record the opening entry for Duvall Landscaping based on the amounts shown on the  balance sheet from Part 1 of this project. Use Memo 1 (M1) as the source document.
 
Cash

  $14,930
Landscape Trucks $80,000
Computer Equipment $15,500
Lawn Equipment  $ 11,550
Garden Supplies $1,480
Bank of America (Note Payable) $64,000
Redmond Lawn and Garden $3,960
Your Name, Capital $55,500
13 Paid rent for the month of March, $2,400. Check 106 (C106)
13 Paid cash to have keys made for the office, $40. Check 107  (C107)
13 Purchased fertilizer for lawn work on account from Redmond Lawn and Garden, $230. Purchase Invoice 1  (P1)
       21 Paid to you, the owner, $4,500, drawing amount for the month. Check 108
       21 Paid $1,000 on account to Bank of America. Check 109
       21 You took a laptop computer from the business for personal use, $2,000. Memo 2 (M2)
       21 Paid $3,960 on account to Redmond Lawn and Garden. Check 110
24 Purchased shovels and other garden tools for lawn work from Redmond Lawn and Garden on account, $340. Purchase Invoice 2  (P2)
24 Received $6,700 in payment for work completed. Receipt 101 (Write as R101)
27 Paid to you, the owner, $1,500, drawing amount for the month. Check 111
27 Received $4,800 in payment for work completed. Receipt 102 (R102)
27 Purchased grass seed on account from Redmond Lawn and Garden, $300.  Purchase Invoice 3 (P3)
27 Paid $2,000 on account to Bank of America. Check 112
April 1 Sold one of the older landscape trucks, $12,000. Receipt 103
2 Paid $2,000 on account to Bank of America. Check 113
May 1 Paid rent for the month of May, $2,500. Check 114
1 Paid $1,400 for gasoline to run landscape equipment. Check 115
1 Purchased a lawn mower from Redmond Lawn and Garden on account, $3,400. Purchase Invoice 4 (P4)
5 Received $4,500 in payment for planting trees and fertilizing a local business property. R103
5 Paid $25 for a lock to be used on a storage shed. Check 116