Unformatted text preview: July 19 Made payment on account to Lakeside Company, $400. July 31 Received cash for landscaping revenue for the last half of July, $2,620. July 31 Declared and paid cash dividend of $1,600. Prepare journal entries to record the July transactions in the General Journal below. General Journal Date Description(Account Name) Debit Credit 1-Jul cash 24000 common stock 24000 1-Jul prepaid insurance 2400 cash 2400 1-Jul rent expense 2080 cash 2080 3-Jul landscaping equipment 8,800 cash 1200 accounts payable 7600 8-Jul landscaping supplies 780 accounts payable 780 12-Jul Utlility expense 308 cash 308 16-Jul cash 2724 lanscaping revenue 2724 19-Jul accounts payable 400...
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This note was uploaded on 03/24/2012 for the course FINANCE FI504 taught by Professor Brown during the Spring '12 term at DeVry Chicago.
- Spring '12