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I had written that the accounts receivable would be 150 on the debit side and 200 on the debit side. I am having

trouble understanding what I did wrong.


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The company engaged in the following transactions during its first month of operations.
July 18 Issued 500 shares of capital stock to Patrick Donegan for $1, 500.
July 22 Purchased office supplies on account for $100.
July 23 Purchased mowing equipment for $2,000, paying $400 cash and issuing a 60-day note payable for the remaining
balance.
July 24 Paid $25 cash for gasoline. All of this fuel will be used in July.
July 25 Billed Lost Creek Cemetery $150 for mowing services. The entire amount is due July 30.
July 26 Billed Golf View Condominiums $200 for mowing services. The entire amount is due August 1.
July 30 Collected $150 from Lost Creek Cemetery for mowing services provided on July 25.
July 31 Paid $80 salary to employee Teddy Grimm for work performed in July.
Required:
a. Record each of the above transactions in general journal form.
b. Post each entry to the appropriate ledger accounts.
c. Prepare a trial balance dated July 31, current year.

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DONEGAN'S LAWN CARE SERVICE
Trial Balance
July 31, Current Year
Debit
Credit
Cash
$
1, 145
Office supplies
100
Accounts receivable
Mowing equipment
2,000
Salaries expense
80
Notes payable
1,600
Accounts payable
100
Capital stock
1,500
3,325
3,200

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