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Mike Simonetti opened Mike's lawn service. The following transactions occurred during july of the current year...

Mike Simonetti opened Mike's lawn service. The following transactions occurred during july of the current year : july1 ; Simonetti invested $3000 cash and $4000 lawn equipment in the business. July 2, Paid $400 for rent for the month. July 7 received $4500 cash for lawn services. July 11, paid $150 for advertisement in local paper. July14, purchased office supplies on account $300. July 16 paid $800 for lawn supplies. July16, billed customers $2000 for lawn services. July22, received a bill for $160 for july utilities, to be paid next month. July25, paid $360 for a one year insurance policy. July28, paid $200 to a creditor on account. July29, received $800 from customers on account. July31, Simonetti withdrew $1200 for personal use. Record the transaction in the general journal, post the transaction to the general ledger, prepare a trial balance on july31. prepare an income statement of owner's equity for the month ended july 31, prepare a balance sheet on july 31.

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ekkarill92 answered 2 years ago
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